How do you conduct horizon scanning?
Horizon scanning involves reading a range of materials (e.g. academic articles, news articles, blogs and early research reports) to identify signals of change.
It can also involve stakeholder interviews and workshops.
Different frameworks can be used for horizon scanning..
What are the benefits of regulatory horizon scanning?
You can benefit from:
Greater insights into emerging regulatory trends.Improved resource efficiencies and potential cost savings.Improved integrity and consistency.Enhanced data management and reporting by deploying customized and advanced analytic capabilities..What is ESG horizon scanning?
Enhancing Risk monitoring: Risk horizon scanning processes need to identify, model and effectively identify the impacts that sustainability risk related events could have on a firm's business strategy and operating model..
What is horizon scanning in compliance?
Horizon scanning is the means of looking to the future to ascertain what challenges it might hold.
In terms of compliance, this means looking ahead to anticipate the regulatory changes that might come into play, so that a firm is ready to implement such changes from the first day that they come into force..
What is technological horizon scanning?
Horizon scanning (HS) or horizon scan is a method from futures studies, sometimes regarded as a part of foresight.
It is the early detection and assessment of emerging technologies or threats for mainly policy makers in a domain of choice..
What is the purpose of horizon scanning?
Horizon scanning is “a technique for detecting early signs of potentially important developments through a systematic examination of potential threats and opportunities, with emphasis on new technology and its effects on the issue at hand” (OECD, n.d.a)..
What is the purpose of the corporate governance code?
What does a corporate governance code cover? In general, these codes are checklists for corporate governance professionals, allowing them to track their progress in: Leadership and a board's responsibilities to the company.
Effectiveness, incorporating skillset matches, time management etc..
You can benefit from:
Greater insights into emerging regulatory trends.Improved resource efficiencies and potential cost savings.Improved integrity and consistency.Enhanced data management and reporting by deploying customized and advanced analytic capabilities.- Horizon scanning helps government to analyze whether it is adequately prepared for potential opportunities and threats.
This helps ensure that policies are resilient to different future environments. - The purpose of the Code disclosures is to give investors an understanding of the directors' consideration of risks and the actions that have taken.
Investors can then engage with the company as appropriate.
