This agenda sets out the principles and aims which inform and guide the work of ACCA. It provides the framework to be used in developing ACCA's specific policies, and enabling ACCA to respond coherently on corporate governance and risk management issues as they arise.
This paper aims to provide the policy framework to be used by ACCA in:
The paper is in three parts: Part A sets out ACCA’s view of the purpose of corporate governance; Part B contains 10 principles which ACCA considers fundamental to all systems of corporate governance and risk management; and Part C sets out the Committee’s aims for guiding ACCA’s activity in these areas.
We see this document as being a statement of intent that will be refined and developed over time as knowledge and understanding improve generally. To this end, further research providing empirical evidence of best practice in corporate governance and risk management is needed. There is too little evidence to support many of the generally accepted tenets of corporate governance. These tenets should be questioned in an open and constructive manner and evidence sought to justify, improve or refute them.