Strong corporate governance practices build trust in companies and financial markets and support good quality, reliable financial information. Professional accountants play a central role in governance – a contribution that has helped to forge the profession’s reputation as a force for good.
In recent years, organisations around the world have been operating in a polycrisis environment, and this has had a profound impact on corporate governance regulation and expectations, and on risk management.
New regulations, the evolution of supply chain risk, and shifting stakeholder expectations, especially around sustainability and climate change, have all shaped developments in corporate governance. There are more challenges to come as the business world navigates the growing problem of fraud and the rapidly expanding use of AI in the workplace.
The role of the Global Forum for Governance, Risk and Performance – whose members represent a diverse range of industries, geographies, experiences, skills and age groups – is to advise ACCA on emerging developments in corporate governance worldwide. Recent discussions have included risk cultures in sectors including banking and healthcare, and the inclusion of behaviour-driven elements in risk assessments.
The forum explores key corporate governance topics and best practice and contributes to the worldwide debate and policy development, such as the revised OECD Corporate Governance Principles, to make sure that the voices of ACCA members are clearly heard.
