CICA 20 QUESTIONS Strategy - Institute of Chartered Accountants ...

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How to use this publicationEach "20 Questions" publication is designed to be a concise, easy-to-read introduction to an issue of importance to directors.The questionformat reflects the oversight role of directors which includes asking management – and themselves – tough questions.The questions are not intended to be a precise checklist, but rather a way to provide insight and stimulate discussion on important topics.In some cases, Boards will not want to ask the questions directly but they may wish to ask management to prepare briefings that address thepoints raised by the questions.The comments that accompany the questions provide directors with a basis for critically assessing the answers they get and digging deeperif necessary.The comments summarize current thinking on the issues and the practices of leading organizations.They may not be the bestanswer for every organization.Thus, although the questions apply to any organization, the answers will vary according to the size, complexity and sophistication ofeach individual organization.AuthorDr. Chris Bart, CAProfessor of Business StrategyDeGroote School of BusinessMcMaster UniversityProject direction byGigi DawePrincipal, Risk Management and Governance, CICA
20 QuestionsDirectors Should Ask aboutStrategy
Page 1: 20 QuestionsDirectors Should Ask ab
Page 5 and 6: PrefaceThe Risk Management and Gove
Page 7: With respect to ‘insight’, dire
Page 10 and 11: These detailed questions (i.e. 2-6)
Page 12 and 13: 10. Does this organization have the
Page 14 and 15: grounded in reality. Directors, the
Page 16 and 17: Making such business arena choices
Page 18 and 19: These risks should be spelled out i
Page 20 and 21: Appendix 1. Constructive Involvemen
Page 22 and 23: Where to find more informationCanad
Page 24: ISBN 1-55385-031-99 781553 85031120

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