| ECGF 2005 Report |
Covering developments in member states, corporate governance, and internal control and risk management.
Annual report 2005In its annual report the Forum sets out the activities it undertook in 2005, including discussions on the following: recent developments in the Member States in the field of corporate governance; the "comply-or-explain" principle; the role and the rights of shareholders in the company; and rules on internal control and risk management mechanisms. The Forum states in its report that in 2006 its work on the role and rights of shareholders will continue, and that in particular it intends to examine in more detail the “one share one vote” concept. On internal control the Forum concludes that for the moment there appears to be no need for further concrete steps. However, it will continue to review whether the current approach is sufficient for ensuring that internal controls within the EU meet best practice standards. |
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The IIA has updated Practice Advisory 2030-1: Resource Management. The update expands the previous Practice Advisory and provides further clarity on resource management. 