ICAS calls for culture shift on non-execs
The Institute of Chartered Accountants for Scotland has called on companies to change their attitude to non-executive directors and increase the pool of talented individuals
The Institute of Chartered Accountants for Scotland has called on companies to change their attitude to non-executive directors and increase the pool of talented individuals
Link: NEDs urged to be whistleblowers
In response to the review of non-executive directors, lead by Derek Higgs, ICAS said companies should encourage senior managers to take up NED positions at other companies in order to develop their own skills and experience.
At the same time, it said companies should take on younger, less experienced non-execs to bring fresh ideas to company boardrooms.
ICAS said the continued strength of UK businesses was dependent on developing boardroom skills, and building a culture of developing younger individuals.
But it warned, a balance must be struck between duties imposed on NEDs and the subsequent liabilities these duties exposed them to.
The Higgs review is looking at the role of non-executive directors especially with regard to corporate governance issues in the wake of Enron and WorldCom.
Responses to a consultation paper closed on 6 September.
The numbers you crunch tell a story. Your expertis...
22yEmbracing 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 articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article