Non-execs need info to drive governance, says CIMA
CIMA outlines governance framework for long-term sustainability
CIMA outlines governance framework for long-term sustainability
Corporate governance must be set by the executive, says
CIMA,
with non-executives receiving the most relevant and accurate management
information available.
Its report, “Enterprise Governance – Restoring Boardroom Leadership”,
presents how to integrate risk and people into processes and a framework that
puts long-term sustainability into their core activities.
“Both boards and executive management need to combine a commitment to the
highest ethical standards and the long-term sustainability of their businesses
with a keen awareness of the public interest dimension of what they do,” said
CIMA chief executive Charles Tilley.
“We place much emphasis on a constructive, but challenging relationship
between boards and their management. This does not mean a cosy complacent one!
But we would argue that a board can only be as effective and as healthy as the
underlying business that it governs.”
Further reading:
Audit
committees urged to seize agenda
More about:
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleDespite a good 2013, CIMA lines up subs fee hike and efficiency savings as it looks to move into a new office Read More...
View articleIn essence, the IIRC framework aims to create more concise reporting that better communicates to investors how the business creates value over time Re...
View articleInstitutes and firms have combined to look at business model reporting and how they can be integrated into financial reports, on behalf of the Interna...
View articleFully transparent, or just one for the accountants? asks Kevin Reed Read More...
View articleCIMA staff could have found better ways to spend their time, rather than introduce a new designation, syas former president Peter Layhe Read More...
View articlePeter Layhe describes introduction of new designatory letters for members as "marketing froth" Read More...
View articleBIS's attempt to simplify financial reporting meets with guarded approval Read More...
View articleAudit and accounting professional bodies have been criticised in the Lords inquiry for over-complicating regulation Read More...
View article