Survey reveals desire for pragmatic measures to improve corporate governance

16th May 2013, PwC

  • The real challenge for corporate governance lies in developing the right culture and behaviours
  • Businesses need a balanced approach to risk management, resisting excessive risk avoidance and focussing instead on well-controlled expansion instead of more legislation, a new drive is needed to encourage adoption of best practices in corporate governance
  • Over half disagree with mandatory quotas to promote diversity
  • More meaningful disclosures (‘substance over form’) are essential
  • More transparency and shareholder influence on remuneration

A survey of senior European managers with responsibility for Corporate Governance in both the public and private sectors shows that the real challenge for corporate governance to work in any organisation lies in developing the right culture and behaviours. Delegates attending a major EU Corporate Governance conference, facilitated by the Department of Jobs, Enterprise and Innovation, as part of the Irish Presidency, were strongest in endorsing this view across a wide range of opinions canvassed in a special survey prior to the event. Continue reading…

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