ACCA was a proud partner of the 25th European Corporate Governance Conference, organised virtually on 18 June 2020 by the Independent Directors Association, the Croatian Financial Services Supervisory Agency (HANFA) and EY, under the auspices of the Croatian Presidency of the Council of the European Union.

The virtual event Sustainability, Boards and Investment: What’s next for Corporate Governance? can now be accessed on YouTube here.

Discussions reflected the impact of Covid-19 on corporate governance, with over 600 participants joining online from more than 60 countries around the world.

Jimmy Greer, ACCA’s head of sustainability, was speaking alongside eminent decision-makers and standard setters including Didier Reynders, European Commissioner for Justice; Dražen Bošnjaković, Minister of Justice of Croatia; Paul Tang, Member of the European Parliament; and Mathilde Mesnard, deputy director for Financial and Enterprise affairs.

Greer spoke on the panel about ‘Corporate Governance trends in the EU: recognising financial, social and environmental performance for sustainable future’, moderated by Maija Laurila, Head of Company Law Unit, DG JUST, European Commission, and joined by MEP Paul Tang, Richard Gardiner from Global Witness and Damir Vandelic, President of the Supervisory board of INA d.d.

Greer said: ‘The conference was a superb call to action for all to “up their game” in light of the challenges ahead. The need to take on the impacts of Covid-19, alongside other sustainability emergencies, requires systemic thinking combined with greater precision and rigour around social and environmental impact management to create action that transforms economies - with intention. And does it fast.’

To respond to challenges posed by the Covid-19 pandemic, the European Commission has proposed an unprecedented Recovery plan for Europe. For ACCA, the new European Commission proposal for a post-pandemic recovery plan, Europe's moment: Repair and Prepare for the Next Generation, which  includes a new initiative in 2021 on sustainable corporate governance, to ensure environmental and social interests are fully embedded into business strategies,  is an essential and long overdue starting point to help us all build back better.