Integrating Governance throughout an Organization Helps Achieve Sustainable Success
How Professional Accountants in Business Can Integrate Governance into Their Organizations’ Drivers of Sustainable Success
The ultimate objective of governance is to ensure the creation of sustainable organizational success and stakeholder value; these are the core elements of every organization that strives to be competitive and sustainable over the long term. Governance in an organization should, therefore, be about more than a compliance exercise designed with the sole purpose of satisfying regulatory requirements. Instead, good governance affects the entire organizational cycle of strategic planning, resource utilization, value creation, accountability, and assurance. Such a holistic approach ensures that governance is not “bolt on” but “built in”–integrated into all aspects of an organization.
Integrating Governance for Sustainable Success, a new report from the Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC), analyzes, through illustrative case studies, how professional accountants in commerce, industry, financial services, education, and the public and not-for-profit sectors support their organizations in integrating governance into the key drivers of sustainable organizational success.
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