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|Global Knowledge Gateway||
The recent financial and economic crises exposed many corporate governance weaknesses—but, at the same time, they created momentum for change. Effective governance encourages better organizational decision-making, accountability, and robust scrutiny of organizational performance. Accountants are in an excellent position to ensure that governance is integrated into the very DNA of their organizations, which has been identified as critical to its effectiveness. Read More
by Stathis Gould, Head of Professional Accountants in Business, IFAC | February 1, 2016 |
Integrated reporting continues to gain global momentum and help change the way businesses think about creating value over time—but it is integrated thinking that will ultimately change corporate behavior and lead to more resilient organizations and greater trust in business and government. Read More
Corporate Governance and Transparency—The Chicken or the Egg of Sustainable Development?
by Stathis Gould, Head of Professional Accountants in Business, IFAC | November 30, 2015 |
The historic agreement between the 193 UN member states on the 17 Sustainable Development Goals is only part of the beginning; businesses play a crucial role in achieving many of the SDGs, and are falling short. Now is a time for focus on the expectations of boards through governance requirements as well as on how more transparency can shine a light on performance and actions. Read More
New guidance from IFAC and the IIRC, Materiality in Integrated Reporting, provides guidance on applying materiality in integrated reporting and supports implementation of the IIRC’s International Integrated Reporting Framework. Read More
A Holistic Review of Governance–The Editor’s Review Series No. 1
by Eli R. Khazzam, Editor-in-Chief, IFAC Global Knowledge Gateway | October 15, 2015 |
Since its inception, the IFAC Global Knowledge Gateway has featured a number of articles covering various dimensions of governance in organizations. This article provides a recap of what has been published thus far to draw relevance between the role of the accountancy profession and good governance. Read More
Final Governance Principles Out from Basel but Changes are Limited
by Vincent Tophoff, Senior Technical Manager, IFAC | October 5, 2015 |
The Basel Committee on Banking Supervision recently published a revised version of its corporate governance principles for banks, which incorporated some of IFAC’s recommendations but changed very little following the consultation period. Read More
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- SL Businesses Urged to Practice Good Governance: IFAC President
August 3, 2015 - Hiru Business News
- Sri Lanka: Some Aspects of Corporate Governance
July 6, 2015 - The Island
- Mauritius: Prime Minister Reiterates His Commitment towards Good Governance
May 14, 2015 - AllAfrica.com
- International Framework: Good Governance in the Public Sector, Executive Summary
July 2, 2014 - IFAC, Chartered Institute of Public Finance and Accountancy
- Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
- Defining and Developing an Effective Code of Conduct for Organizations
May 31, 2007 - IFAC
- Principles of Corporate Governance
January 27, 2004 - Organisation for Economic Co-operation and Development