Auditors are able to work more transparently and efficiently by using Bayesian statistics. That is the main conclusion of Koen Derks’ research, who obtains his doctorate from Nyenrode Business University today. Techniques to apply Bayesian statistics in the audit have been made freely accessible by Derks, through the open-source program JASP. “Auditors should be bold enough to deviate from ways already paved more often.”
Until a few years ago, corporate transparency about their activities and their impact on society and the environment was still exceptional and non-committal. However, sustainability reporting is now for many companies a mandatory part of accounting for what they do, and has become common good. René Orij, who recently was appointed as full professor at Nyenrode Business Universiteit, has conducted important research in this area.
Is the recently updated corporate governance code still relevant and future-proof? According to Jeroen Veldman, Professor of Corporate Governance at Nyenrode Business University, this discussion calls for a strong plea: let's not throw the baby out with the bathwater. Read the full essay in Management Scope (in Dutch).
Not just companies, but governments and citizens too have a responsibility in making global value chains more sustainable. That is what Désirée van Gorp, professor of International Business at Nyenrode Business University, firmly believes. Global value chains represent processes in which goods and services are produced, processed, and delivered in different countries. Van Gorp: “Making these chains sustainable means, above all, taking solidarity as a starting point. What is good for us must also be good for people in the countries where we move our activities to, such as production processes.”
For the Wadden Sea, could a Rights of Nature approach be promising for strengthening the protection of natural values in this area? Prof. Dr. Tineke Lambooy LL.M. (Professor of Business Law at Nyenrode Business University) explored this issue together with fellow researchers Tessa van Soest and Ignace Breemer.
Major social issues continue to have an increasing impact, also on the business community. And these issues increasingly require corporate involvement. Remko Renes (member of the Nyenrode Corporate Governance Institute) and Auke de Bos (associated with the EUR and EY) elaborate on Environmental, Social and Governance (ESG) factors. They think about the meaning and the importance of ESG, and the influence of this topic’s focus and transparency on organizations and directors and the roles of supervisors and audits. Based on their insights, they give recommendations to directors, supervisory directors, advisers and accountants.
The better organizations work together, the better the performance. That sounds like pushing at an open door, yet the importance of working together is often underestimated. What are the success factors play an important part in good collaboration? How do you make working together more efficient and effective? Jeroen van der Velden, Associate Professor of Strategy Alignment and director of the Nyenrode Faculty Expertise Center Strategy, Organization & Leadership at Nyenrode Business University can, after more than 25 years of research and consulting work, provide the answers to these questions in great detail.