With what mission, International Corporate Governance Network (ICGN) was incorporated? Describe the purpose of the ICGN.

CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · December 2019
With what mission, International Corporate Governance Network (ICGN) was incorporated? Describe the purpose of the ICGN.

Answer & Explanation:

The International Corporate Governance Network ('ICGN') founded in 1995 is a not-for-profit company limited by guarantee and not having share capital under the laws of England and Wales. ICGN's mission is to promote effective standards of corporate governance and investor stewardship to advance efficient markets and sustainable economies world-wide. ICGN's positions are guided by the ICGN Global Governance Principles and Global Stewardship Principles, which were first published in 2003, as a statement on shareholder stewardship responsibilities both of which are implemented by: Influence policy by providing a reliable source of investor opinion on governance and stewardship. Connect peers at global events to enhance dialogue between companies and investors around long term value creation. Inform dialogue through education to enhance the professionalism of governance and stewardship practices. It has four primary purposes: To provide an investor-led network for the exchange of views and information about corporate governance issues internationally; To examine corporate governance principles and practices; To develop and encourage adherence to corporate governance standards and guidelines; and To generally promote good corporate governance.

Topics: Corporate Governance

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