ecoDa konferanse Brüssel: the King IV rapport - UTSATT

ecoDa har valgt å utsette konferanse i Brüssel med Stephen King om hans ‘King IV rapport’ til mars 2018. Alle Styreinstituttets medlemmer er velkommen til å delta da. Mer informasjon kommer!

‘King IV’ rapporten høster mye engasjement og får mye oppmerksomhet. Deres ‘Apply and explain’ istedet for ‘Comply or explain’ som gjelder nå, er kanskje ikke så forskjellige, men mere et uttrykk for frustrasjon over en kontrollkultur som er gått for langt i enkelte land når det gjelder årsrapport, regnskap og revisjon.

Mange klager over at at det nå kun er ‘comply!’ som gjelder, - uten unntak. ‘King IV’-rapporten er interessant i sin tilnærming, med 16 prinsipper som både forenkler og gir grunnlag for god diskusjon om hensikt og formål: Hva er det viktigste vi skal etterleve, og hvorfor?

Les mere nedenfor, eller last ned app KING IV i App Store   

  

Should Europe rethink its governance approach in line with the King IV Report?

Is this the “New Grail” in Corporate Governance?

16 November 2017 – Brussels

9.30 – 13.15

An ecoDa/PwC Joint conference-

The King IV report on corporate governance, issued in South Africa one year ago, is internationally recognized as innovative, mainly due to its ‘tone’ and the fundamental issues tackled.

The King IV report on corporate governance integrates three shifts in the corporate world:

  • from financial capitalism to inclusive capitalism - financial performance alone can no longer serve as proxy for holistic value creation;
  • from short-term capital markets to long-term sustainable capital markets;
  • from siloed reporting to integrated reporting (EGS reporting). Integrated thinking and the recognition that the organisation is an integral part of society is key.

 It promotes new and interesting concepts:

  • It applies a principle-and-outcomes based approach, and moves away form a box-ticking approach;
  • The approach of “comply or explain is replaced by “apply and explain” – the application of all the principles is assumed and companies should explain the practices that have been implemented to reach the desired outcome of each principle;
  • The Code is designed to be universally applicable, both for private and public entities, large and small, for-profit or not-for profit organizations

Will Corporate Governance in the EU improve if these new ideas are applied? What will be the consequences in terms of the accountability of boards, the monitoring and risk reporting?

 The panelists will question the new ideology and discuss:

  1. Whether the new model should be applied as is to European listed companies?
  2. Whetherthe King IV Report can help in stimulating the growth of more innovative companies in Europe?

 The panelists will include people from the European Commission, the OECD, and board members.

A video message from Mervyn King will start the debate.

TO REGISTER: send an email to secretariat@ecoDa.org

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