Outcomes of IFAC and UNCTAD conference on corporate governance

  • IFAC (International Federation of Accountants) (lt gray) Image

19 Oct 2010

On 12 October 2010, the International Federation of Accountants (IFAC) and the United Nations Conference on Trade and Development (UNCTAD) hosted a conference in Geneva, Switzerland to discuss the next steps for global corporate governance reforms in light of the global financial crisis.

IFAC has recently announced the outcomes of the conference.

The conference delegates acknowledged the accounting profession has a key role to play in strengthening corporate governance and facilitating the integration of governance and sustainability into strategy, operations, and reporting. The delegates also noted the need for board level focus on sustainability, improved risk management and executive compensation arrangements, and a need global dialogue between policy makers, the accounting profession, and other financial industries.

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