Internal Audit - Your Agent and Catalyst For Growth
Building the Next Generation of Family Businesses
This workshop will discuss the role of the Internal Audit function, it's value proposition, and through the use of actual examples, illustrate how Internal Audit is a vital tool for ensuring Senior Management and Boards of Directors perform their duties to the best of their abilities.
Modern-day Internal Audit functions also assist Audit Committees and Management teams, through a variety of assurance and non-assurance (Consulting) services.
Internal Audit functions act as trusted, independent advisers, subscribing to and abiding strictly by principles such as integrity, objectivity and confidentiality. These hallmark principles, held together by teams of multi-skilled and disciplined personnel, will help organisations create and preserve value.
About the Series - Building the Next Generation of Family Businesses
The unique foundation of family businesses is in its interaction between the business and the owners – the family. By drawing on trust, stability and flexibility, many family businesses have been able to prosper. However, despite these advantages, the foundation of family businesses also has its vulnerabilities; two in three family businesses do not survive past the first generation. Given the turbulent business environment of Myanmar in the recent years, it is imperative for family businesses to address certain key issues to guarantee their survival and to remain competitive.
The first advantage of family-owned businesses lies in the more personal approach of conducting business on the basis of trust. By nurturing loyalty, commitment, and stewardship, trust within the family can serve as the cement for competitive advantage and sustainable growth for family businesses. Trust in family businesses is anchored in the family's values and vision, resulting in strong managerial commitment and loyalty that can be difficult for non-family businesses to replicate. This commitment can lead to benefits such as stronger customer relations and a highly productive workforce.
Date: Thursday 10th September, 2002
Time: 10.00 - 12.00
Cost to Members: $5
Cost to Non-members: $15
Access and Cancellation
You will be sent the link to attend 24 hours in advance, then again one hour before. You must pay for your ticket in advance of the webinar, or you will not be sent the access link.
If you are no longer able to attend please cancel your place 24 hours in advance via email to email@example.com. All no shows will still be charged the entry fee. Places which have not been cancelled will not be refunded.
Risk Advisory Myanmar, Corporate Governance, Risk Management, and Internal Audit Leader at Deloitte