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Chapter 3

CIMA’s practical proposals for better

corporate governance

CIMA is a contributor to Report Leadership which is a multi-stakeholder group that
aims to challenge established thinking on corporate reporting.

Report Leadership have published a report on simple practical proposals for better
reporting of corporate governance.

The aim is for better rather than more disclosure, and disclosure that is adapted to
the circumstances of the company.

The proposals are:

1 Tone from the top

Communicating the chairman's views on good governance and the culture of
the board.

2 How the board works as a team

Showing how the board 'fits together' with a complementary set of skills,
experience and personal characteristics.

3 The key actions of the board and its committees

Linking the activities of the board to the year's key corporate events.

4 Board effectiveness

Using board evaluations to communicate board performance and priorities.

5 Communication and engagement with shareholders

Explaining how the information needs of the shareholders have been met during
the year.

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