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Accelerating Corporate Governance Evolution Through Media Catalysts

Explore the vital role of media in advancing corporate governance practices, from historical propaganda to modern engagement channels and accountability measures. Discover how media can educate, give a voice, shed light, create rankings, and present awards to drive better governance. This presentation delves into the parallel evolution of media and corporate governance, emphasizing the power of communication in shaping global best practices and pushing governance standards to new heights.

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Accelerating Corporate Governance Evolution Through Media Catalysts

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  1. The Inevitable Road to Corporate Governance: Media’s Role as a Vital Catalyst Presentation This document and its content are the exclusive property of S2C International and no part of it can be used without express written authorization, under the risk of legal liability

  2. INTRODUCTION Inevitable Road to Corporate Governance • Vast intersection between Corporate Governance and Media Source: S2C Research; S2C Analysis

  3. PARALLELISM: EVOLUTION OF MEDIA AND CORPORATE GOVERNANCE Media Adolescence Accounting PROPAGANDA • One-way information • Top-down communication • Limited sources of information • Own accounting and publishing of financial statements • No way to really examine or challenge assertions Source: S2C Research; S2C Analysis S2C - Confidential

  4. PARALLELISM: EVOLUTION OF MEDIA AND CORPORATE GOVERNANCE Media Maturity Auditing • Increased channels of communication • More insight and influence by the people • Demands on media to be impartial and free • Ascertain the validity and reliability of financial statements • Provide assessment of internal control systems Source: S2C Research; S2C Analysis S2C - Confidential

  5. PARALLELISM: EVOLUTION OF MEDIA AND CORPORATE GOVERNANCE Media Revolution Corporate Governance SOCIAL & NEW MEDIA • Two-way communication • Democratization of information • Engagement taken to another level • Massive accounting fraud and corporate scandals • Increased political interest in Corporate Governance • General principles put in place Source: S2C Research; S2C Analysis S2C - Confidential

  6. PARALLELISM: EVOLUTION OF MEDIA AND CORPORATE GOVERNANCE • Upholding the rights of shareholders • Recognizing the interests of other stakeholders • Delineating the role and responsibilities of the board • Upholding integrity and ethical behavior • Ensuring transparency and disclosure Source: S2C Research; S2C Analysis

  7. PARALLELISM: EVOLUTION OF MEDIA AND CORPORATE GOVERNANCE Common Global Best Practice Source: S2C Research; S2C Analysis

  8. PARALLELISM: EVOLUTION OF MEDIA AND CORPORATE GOVERNANCE Common Global Best Practice Source: S2C Research; S2C Analysis

  9. PARALLELISM: EVOLUTION OF MEDIA AND CORPORATE GOVERNANCE Pushing Corporate Governance to the Next Level Long-term Commitment Model • Beyond shareholder wealth maximization • Consumers and the public demanding more • 360 approach that balances the interests of all stakeholders To ensure coffee quality while promoting social, economic and environmental standards C.A.F.E. Practices: A program that helps Starbucks buy high-quality, ethically sourced coffee Source: S2C Research; S2C Analysis

  10. CORPORATE GOVERNANCE IN THE ARAB WORLD • Nice to have versus must-have • Still considered as gizmo rather than critical determinant of financial value Source: S2C Research; S2C Analysis

  11. INEVITABLE ROAD TO CORPORATE GOVERNANCE How do we get there faster? What Role Can Communication & Media Play? Source: S2C Research; S2C Analysis

  12. MEDIA’S ROLE AS A VITAL CATALYST Educate • Be on the front line in disseminating impartial news • Promote and help enforce corporate governance • Start using the term corporate governance more often in articles • Introduce corporate governance issues in a user-friendly way to readers • Play a role in communicating issues of corporate governance to the general public Source: S2C Research; S2C Analysis

  13. MEDIA’S ROLE AS A VITAL CATALYST Give a Voice • Be on the front line in disseminating impartial news • Increase the visibility of CG activists • Give a voice to academia • Cover conference, events, indicatives pertaining to CG • Prevent board of directors or companies as a whole to use CG as a PR exercise Source: S2C Research; S2C Analysis

  14. MEDIA’S ROLE AS A VITAL CATALYST Shed Light • Be on the front line in disseminating impartial news • Ensure accountability and transparency in the corporate sector • Be an early source for uncovering accounting malfeasance and bringing the wrongdoing to light • Drive politicians to introduce corporate law reforms or enforce exciting corporate laws Source: S2C Research; S2C Analysis

  15. MEDIA’S ROLE AS A VITAL CATALYST Create Rankings • Be on the front line in disseminating impartial news • Create rankings; example 10 companies with the best corporate governance model • Praise good practices and uncover bad ones • Shape the public image of corporate managers and directors • Impact the reputation of companies • Pressure them to behave according to societal norms Source: S2C Research; S2C Analysis

  16. MEDIA’S ROLE AS A VITAL CATALYST Present Awards • Be on the front line in disseminating impartial news • Make awards out of the rankings • Recognize good corporate governance • Encourage new entrants • Gather industry professionals in the governance, risk and compliance world • Have a panel of independent judges reviewing nominations and determining awards recipients THE MIRROR CORPORATE GOVERNANCE AWARDS Source: S2C Research; S2C Analysis

  17. Source: S2C Research; S2C Analysis

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