9th Colloquium: Mind the Gap
11 May 2023: 9th Colloquium – the expectation gap between the public, the accountant and the auditor
11 May 2023: 9th Colloquium – the expectation gap between the public, the accountant and the auditor
3 November 2022: 8th Colloquium – impacts, outcomes and integration in a corporate world – Professor Mervyn King and 4 global thought leaders provide guidance on the new corporate reporting mandates
19 May 2022: Connectivity – connecting financial and sustainability reports is a missing link for global standard setters. This colloquium brings together global experts to unpack the conundrum.
18 November 2021: Speakers from the IFRS Foundation, VRF and IOSCO and others explored the global shift in corporate reporting to include sustainability.
The error of corporate leaders in the 20th century was to focus on increasing the wealth of shareholders instead of focusing on increasing the long-term health of the company. This “primacy of the shareholder” was unsustainable and has been replaced by enterprise value creation, preservation and erosion.
Up to 80% of the market cap of companies are not additives in a balance sheet according to financial reporting standards. This percentage is made up of environmental, social and governance issues.
The International Federation of Accountants (IFAC), in November 2019, issued a statement saying that there has to be accounting for value creation and that it is preferable that the chief financial officer is known as the Chief Value Officer.
The Second Colloquium of The Good Governance Academy was held on 28 November 2019. As with the first colloquium there was input from universities and business schools on a critical governance issue, namely Effective Corporate Leadership.
This first colloquium invited speakers to discuss matters of importance for the creation of organizational value in a sustainable manner.