Creating Value Through Governance - Towards a New Accountability: Response to ACCA Consultation

Sean Lyons
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引用次数: 1

Abstract

In February 2014 the Association of Chartered Certified Accountants (ACCA) published a consultation paper entitled "Creating value through governance - towards a new accountability". The consultation was open for comment until 31 August 2014 and following the consultation period the ACCA intends to publish an updated paper on the subject of governance and value creation. This consultation paper forms part of ACCA's investigation to examine whether existing governance and risk management frameworks are "fit for purpose". It asks whether corporate governance in practice, is helping business to create value or whether something has gone wrong. As part of this initiative the ACCA have stated the following: "Corporate governance is vital to societies that depend on business to create economic wellbeing ... Achieving good corporate governance is complex: it involves economics, politics and fundamental aspects of human nature as well as business and markets ... Ultimately, governance is about how to make good decisions ... Present approaches have not ensured that companies focus on, and succeed in, creating long term sustainable value." This submission provides comments to address the Corporate Governance challenge from two distinct perspectives: 1. General Observations: This section addresses the following issues in the context of Corporate Governance: - The Impact of Culture in Business and Society - The Role of Ethics and Moral Values in Corporate Behaviour - Enforcing Accountability and Restoring Trust - The Stakeholder Ecosystem - Understanding the Nature of Sustainable Value - The Value Preservation Imperative - The Challenge of Improving Corporate Governance 2. Response to Specific Questions: This section provides feedback in relation to the specific consultation questions outlined by the ACCA in the consultation paper. The comments included in this submission are intended to be a constructive attempt to positively contribute to this ACCA Corporate Governance inquiry in the hope that it will lead to a better understanding of the problems and also some solutions.
通过治理创造价值——迈向新的问责制:对ACCA咨询的回应
2014年2月,特许公认会计师公会(ACCA)发布了一份题为“通过治理创造价值——迈向新的问责制”的咨询文件。咨询将于2014年8月31日前开放征求意见,在咨询期结束后,ACCA打算发布一份关于治理和价值创造主题的最新文件。本咨询文件是ACCA调查的一部分,旨在检查现有的治理和风险管理框架是否“适合目的”。它的问题是,公司治理在实践中是否有助于企业创造价值,还是出现了问题。作为该倡议的一部分,ACCA声明如下:“公司治理对于依赖企业创造经济福祉的社会至关重要……实现良好的公司治理是复杂的:它涉及经济、政治和人性的基本方面,以及商业和市场……归根结底,治理是关于如何做出好的决策……目前的方法并不能确保公司专注于创造长期可持续价值,并在这方面取得成功。”本意见书从两个不同的角度对解决公司治理挑战提供了意见:1。总体观察:本节讨论了公司治理背景下的以下问题:-文化对商业和社会的影响-伦理和道德价值观在公司行为中的作用-加强问责制和恢复信任-利益相关者生态系统-理解可持续价值的本质-价值保护的必要性-改善公司治理的挑战2。对具体问题的回应:本部分针对ACCA在咨询文件中概述的具体咨询问题提供反馈。本意见书所包含的意见旨在建设性地为ACCA公司治理调查做出积极贡献,希望它能更好地理解问题并找到解决方案。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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