The
Association of Chartered Certified Accountants has published a
document titled "
Going Concern? A Sustainability Agenda for Action". This sets out recommendations for business, government and the accountancy profession, in eight areas including corporate governance. The recommendations concerning corporate governance include:
- Businesses should make sustainability issues a core part of their strategy, and that risk identification and management should be governed at board level.
- Organisations should report on the linkage between the sustainability issues they face and the corporate strategies they choose, including the financial implications of their most significant sustainability risks.
- Businesses should integrate sustainability KPIs [Key Performance Indicators] within their managerial reward evaluation procedures.
- Investors should actively require the organisations in which they invest to demonstrate that CSR and sustainability considerations are appropriately embedded in the system of corporate governance and are a central element in the strategic planning process.
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