FEE paper on Corporate Governance

12 September 2003

The discussion paper details the elements of good corporate governance relevant to the process of financial reporting and auditing and has considered the fundamental relationships and obligations between the company boards, auditors, shareholders and other stakeholders in an effective corporate governance system.

It makes a series of practical recommendations which would strengthen corporate governance and increase confidence in financial reporting. The role of the audit committee is crucial, as a fully functioning audit committee helps to improve the quality of financial reporting.

The discussion paper focuses on publicly listed companies, but is also relevant to other entities, in particular to public interest entities.

The paper can be downloaded free of charge from http://www.fee.be/publications/main.htm

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