Mr. Calleja addresses the challenges organisations face due to changing EU Directives and local regulations, emphasising BDO's dedication to providing specialised resources aligned with industry best practices. "We become partners to the Board of Directors in ensuring regulatory compliance," notes Mr. Calleja, highlighting how BDO Malta leverages industry experience to guide Boards in adopting sector-specific best practices.
Acknowledging the value of independent expertise, Mr. Calleja emphasises, "Through our engagements, we are proud to have been entrusted by regulated and non-regulated entities alike." BDO Malta's support extends to ensuring Boards have the necessary oversight and assisting organizations in effective risk management.
The article delves into BDO's role in independent assessments covering corporate governance, risk management, regulatory compliance, and emerging fields like ESG and DORA regulations. Mr. Calleja also discusses the trend of appointing non-family members to Boards, driven by the MFSA Corporate Governance Code, where BDO plays a pivotal role.
BDO's commitment to governance excellence encompasses providing expert, ethical, and independent advice to supervisory boards through its Board Support services. The consultancy focuses on optimising supervisory board processes, monitoring structures, and providing tailored solutions.
This article first appeared in the Malta Business Review 2023.