IPCG Notícias/Subscrição

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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