RegulationCorporate GovernanceNon-execs need info to drive governance, says CIMA

Non-execs need info to drive governance, says CIMA

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

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