Insight: Today’s board – Tomorrow’s issues

On the sidelines of the COP26 Climate conference in Glasgow, the International Financial Reporting Standards (IFRS) Foundation made a game-changing announcement: the formation of the International Sustainability Standards Board (ISSB). All the main investor-focused disclosure organisations have agreed to consolidate into the new board. The IFRS Foundation influences financial reporting standards in over 140 countries, including those adopted by Malaysian regulators.

SOCIAL and environmental change is happening at an ever-increasing pace. In the corporate world, this translates into pressure, especially in the boardroom and the C-suite.

But some members of these vitally important decision-making bodies are of a different era. The issues for today’s boardroom and C-suite are tomorrow’s issues, not yesterday’s. Are they up to the task?