Artigos e Estudos

Survey report on regulation and oversight of auditors

In response to widespread interest in the conduct and quality of audits and in oversight of auditors, in 2004 the International Organization of Securities Commissions (IOSCO), in cooperation with a group of other international organizations, developed a Survey on Regulation and Oversight of Auditors. The goal of the Survey was to obtain a point-intime description of the structures and processes in place in 2004 for regulation and oversight of auditing around the world, to serve as baseline information for regulators and oversight bodies and other organizations that are working to enhance auditor oversight and international audit quality. Organizations in many countries around the world are presently considering and/or implementing changes to auditor oversight structures and quality assurance processes.

Examination of governance for collective investment schemes - final report - Part I

During its Amman meeting on May 17th of 2004, the IOSCO Technical Committee (“TC”) approved the mandate proposed by Technical Committee Standing Committee on Investment Management (“SC5”) regarding “Examination of Governance for Collective Investment Schemes.” The mandate directs SC5 to establish broad general principles for Collective Investment Schemes (“CIS”) Governance based on a review of both its past work and the results of a survey concerning CIS Governance in SC5 member jurisdictions.

Board independence of listed companies - final report

The Technical Committee of IOSCO (TC) decided in 2005, as stated in the report on “Strengthening Capital Markets against Financial Fraud”, to undertake additional descriptive, thematic analyses of the definition and role of independent directors on the boards of issuers. This is perceived as a key element to reinforce Corporate Governance and, therefore, improve the integrity of capital markets.

In defense of the CEO chair against the split of power in public corporations

» William T. Allen just published at Harvard Business Review a short article of opinion in defense of the CEO role and power, criticizing as a "bad idea" the gradually accepted view that corporate governance best practices require the split of the roles of board chairman and CEO. The January 2003 report of the Conference Board's Commission on Public Trust and Private Enterprise recommended this dual power structure. Allen co-authored the article at HBR with William R. Berkley, chairman, founder and CEO of W.R. Berkley Corp, in Greenwich, Connecticut, USA. His main argument is simple: the dual power will increase organizational tension and intrigue. In times of even moderate stress, such a system would tend to default into duelling centres of authority. And it will subvert the corporation's commitment to the unitary board.

Instituto Português de Corporate Governance

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Instituto Português de Corporate Governance



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