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The CIMA view

CIMA regularly consults its members regarding significant issues that are of importance to the profession and makes submissions to parliament and government bodies on the basis of this. Below you can find recent submissions from CIMA.

05 April 2019

The UK stewardship code was first introduced in 2010 and this consultation from the Financial Reporting Council seeks views on how it should be updated and reformed. The code aims to improve the oversight and scrutiny that investors exercise over corporate entities in the UK. CIMA in its response argues that the code should seek to focus more on culture and trust as well as improving the linkage between the code and actual investment decisions.

Download the response

06 September 2018

AICPA has responded to the Wates Review on Corporate Governance Principles for Large Private Companies with a call for focus on building trust amongst wider stakeholders. We welcome the principles focus on sharing responsibility for the public good and emphasise that understanding of the business model is key to sound decision making.

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19 July 2018

AICPA has responded to the European Commission’s Fitness Check on Reporting with a call for greater promotion and adoption of both integrated thinking and integrated reporting. We welcome the Commission’s efforts to consolidate European legislation and embrace of new technologies.

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28 February 2018

The Association of International Certified Professional Accountants has responded to the Financial Reporting Council’s Review of the UK Corporate Governance Code with a call for focus on building trust through value creation. We welcome the code’s focus on culture and emphasise in our response that the right culture should be fostered through a sound understanding of your business model.

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16 February 2017

CIMA has responded to the UK Government’s Corporate Governance Reform green paper with a series of recommendations. Our principal focus is to strengthen reporting requirements to demand the levels of transparency provided.

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26 October 2016

Theresa May has recently announced plans to restore trust between voters and businesses, with proposals to reform corporate governance. Here CIMA outlines views on how this might best be achieved. 

Download the submission