CTD has reported multi-year overcharging in its UK operations, drawing attention to gaps in internal controls, reconciliations, and reporting structures. This article examines the governance implications for boards, including how breakdowns in information flow, audit visibility, and contract-level reconciliation can allow operational issues to escalate over time. It also outlines practical steps boards can take to strengthen oversight, improve transparency, and reduce systemic risk across high-volume financial processes.

Prepare your board and governance team for upcoming ASX waiver reforms. Learn what company secretaries need to do now to meet expected disclosure obligations and stay ahead of new Listing Rule changes.