Dialogue in corporate governance

ICAEW is launching a new series of papers, challenging companies to address the growing tension in their relationship with society by tackling controversial issues.

 Now more than ever business needs to connect with and reflect society.  We know that old-style corporate positioning and news management have become dated and ineffective. Companies need to adapt to the democratisation of communications and the power of modern media to influence attitudes.

ICAEW recognises that relationships between companies and different parts of society are shifting and complex, and for this reason we feel strongly that solutions are best generated and sustained by those directly involved rather than being imposed from the outside.  We are seeking a substantive step change, not a compliance or public relations exercise.  We want business to show leadership, establish new norms of behaviour and increase trust so that companies can play a vital role in delivering what societies value.

Please share your thoughts, examples and anecdotes on these topics:

• How employee directors add value
• How to end excessive pay
• How companies thrive on social media
• How whistleblowing helps companies
• How to mark governance out of 10

It is easy to make a start:

• If you are a member of ICAEW then log-in using your member ID, or register for the first time, by clicking this link: https://ion.icaew.com/talkaccountancy/b/weblog/posts/corporate-governance-thought-leadership-connect-and-reflect
• Non-members need to create a profile on Talk Accountancy if they don’t already have one.
• It is possible post anonymously by going straight to the ICAEW’s Connect and reflect blog, without logging in first.

As well as contributing yourself and asking your colleagues to do so, please also think about how you can encourage people in your wider networks to participate in these important conversations.