Enterprise governance - Restoring boardroom leadership

CIMA, UK published a discussion paper on "Enterprise governance - Restoring boardroom leadership" in Jan 2010 which focusses on Corporate Leadership. This paper sets out how boards can be more effective and challenge management confidently.

The key conclusions in the report

Boards need an integrated approach to effective leadership.
Directors must incorporate behavioural and structural factors.
More attention must be paid to psychological factors contributing to board performance: creating a challenge culture, succession planning and effective risk governance.
There must be rigorous, regular and systematic board evaluation.The model proposed by this report could provide a useful input to the board evaluation process.
The board’s relationship with external stakeholders, particularly shareholders, is crucial. By focusing on its own effectiveness and contributions to the long-term sustainability of the organisation, a board will serve those stakeholders.

Read the full paper. Click here

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Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog.

Poll: Vote here

I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting.

However if you pursue qualification like Company Secretary or CPA or ACCA, your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills.

Which one promotes you as professional better against your name:
AICWA, ACMA
or AICWA, ACS
or AICWA, CPA
or AICWA, ACCA

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Regards,

Santosh Puthran

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