Corporate governance: encouraging dialogue and participation
New thinking on internal control
All businesses face common drivers for a better controls environment; the need to respond to external and internal stakeholders’ expectations, achieving improved governance whilst reducing the cost, and the need to improve business processes. Find out more about our new report, "From compliance to competitive edge" and the implications for corporate governance and the role of the audit committee.
Improving audit committee effectiveness
On 30 October 2008, the Audit Committee Guidance Committee (ACGC) published the Guidebook for audit committees in Singapore. The ACGC was established jointly by the Monetary Authority of Singapore, the Accounting and Corporate Regulatory Authority, and the Singapore Exchange Ltd in January 2008. Its purpose was to develop practical guidance to assist audit committees (ACs) of listed companies in Singapore to better appreciate their responsibilities and enhance their effectiveness in performing their roles.
This guidebook identifies the key regulatory responsibilities of ACs and provides guidance on dealing with the practical issues and concerns. This News alert highlights and summarizes the key content in the guidebook.