Ernst & Young
Our point of view
In response to the financial crisis, policymakers around the world are actively considering corporate governance reforms to improve the effectiveness of boards of directors. Ernst & Young believes that effective boards are vital to well-governed and successful companies and strong capital markets. For this reason, boards should make the changes necessary to strengthen their governance and effectiveness, including implementing new and pending requirements.
The financial crisis has highlighted the need to strengthen corporate governance, particularly but not exclusively, within the financial sector. Across much of the world, governments both legislatures and regulators are adopting measures designed to enhance corporate governance, including the management of risk. One area of focus has been on how management and boards of public companies could and should work better in the interests of shareholders, the capital markets and other stakeholders.