IIA Asks G20 to Strengthen Its Corporate Governance Guidelines

A former adjunct professor at San Francisco State University, Brenda D. Roberts has spent over a decade in project management and auditing roles and is currently a project manager with RGP, a global consulting firm serving clients in all aspects of business needs. Brenda Roberts is a member of the Institute of Internal Auditors (The IIA), a non-profit professional association dedicated to the support of its membership of 200,000 auditors in all industries worldwide.

As a part of The IIA’s policy work, Richard Chambers, President and CEO of The IIA called on the Group of Twenty (G20) to strengthen its governance guidelines—the guidelines outlined in the treatise, “The Principles of Corporate Governance” (Principles). The Principles were co-created by the G20 within the Organization for Economic Cooperation and Development (OECD), an organization that provides a unique forum and knowledge hub for data and analysis, and advice on public policies and international standard-setting. First published in 1999, the Principles have since become the international benchmark for policy development, designed to help policy makers evaluate and improve the legal, regulatory, and institutional framework for corporate governance.

Mr. Chambers endorses the underlying context of the Principles, but also points to the value of Independent and objective internal auditing as a cornerstone for good corporate governance. Accordingly, he asks the G20 to consider the critical role of internal auditors as supportive of good corporate governance in the framework of the Principles.

For more information on the Principles, visit the OECD website at www.oecd.org