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Corporate responsibility beyond profit At its core, ESG encourages corporations and other businesses and not for profit entities to be better corporate citizens and expand their focus beyond financial performance. Traditionally corporations were focused on financial aspects of their business, such as profitability, EBIT, dividend yields to name a few...
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AI’s enabling power spans diverse applications and fields. Unlike traditional technologies, AI possesses the ability to learn, adapt, and perform tasks that typically require human intelligence, making it a versatile tool for organisations seeking to stay competitive in a rapidly evolving market. AI fosters collaboration between humans and machines, augmenting...
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The integration of AI into various sectors presents a unique blend of risks and opportunities that organisations must skillfully navigate. This section explores the dual nature of AI’s impact, focusing on the practical implications for business and society, offering a more pragmatic exploration of how AI reshapes industries and introduces...
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The rapid advancement of AI underscores the necessity for robust ethical frameworks and governance mechanisms. AI ethics and governance have emerged as essential areas of study and practice, aiming to ensure that AI technologies are developed and deployed in ways that are responsible and safe. There are a wide range...
Clarity Mag
On 9 April 2024 the International Accounting Standards Board (IASB) issued its new standard IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 (AASB 18, when adopted in Australia) will replace IAS 1 (AASB 101) Presentation of Financial Statements. This standard is effective for most for-profit entities for financial...
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This study into the data governance landscape delivered important key findings and conclusions. Governance structure — A clear majority of the surveyed organisational leaders are of the view that data governance forms part of wider ICT governance, relates to privacy and security, and should be part of information and records...