2017 Tokyo Ethics and Compliance Forum Ethisphere
Good governance and compliance practices are not an endpoint, but a path towards creating a corporate environment of trust, transparency, and accountability. This in turn promotes corporate access to capital, increased investment, sustainable growth and financial stability. Making this system work effectively and efficiently requires flexible, principles-based approaches as well as buy-in and participation from all financial reporting supply chain participants. Rules-based, prescriptive approaches that assume that one size can fit all, are just not appropriate in today’s highly globalized and complex business environment in which success or failure hinge on the ability to adapt business models and forms of capital to continuously evolving economic realities. In such an environment, policy-makers best serve the public interest when they allow for flexibility in setting corporate governance rules. Companies also have a responsibility to establish a corporate culture and tone at the top that promote a values-based rather than compliance-based mindset to governance. Management, internal auditors, boards of directors and external auditors share the responsibility of executing their respective roles with healthy skepticism, transparency and robust communication.
2016 Highlighted Speakers
Paul AmosPresident, Aflac
Cindy FornelliExecutive Director, Center for Audit Quality (CAQ)