ICGN

Background and Mission

The International Corporate Governance Network (ICGN) was founded in 1995 by major institutional investors. It aims to promote good corporate governance and investor stewardship worldwide.

Committees

ICGN has several committees focused on different areas, including:

• Accounting and Auditing
• Anti-Corruption
• Corporate Governance Principles
• Cross-Border Voting
• Director and Shareholder Engagement
• Executive Remuneration
• Non-financial Business Reporting
• Shareholder Responsibilities
• Shareholder Rights

Global Governance Principles (GGP)

The ICGN Global Governance Principles are guidelines for well-governed companies. They are flexible and can be adapted to different national laws and cultural norms. The principles cover:

• Board Role and Responsibilities: The board should act in the best long-term interests of the company and its stakeholders.
• Leadership and Independence: Clear roles and balanced leadership to protect minority investors.
• Composition and Appointment: A diverse and knowledgeable board to ensure effective decision-making.
• Corporate Culture: High ethical standards integrated into the company’s strategy and operations.
• Risk Oversight: Regular review and approval of risk management practices.
• Remuneration: Aligning executive pay with long-term company performance and shareholder interests.
• Reporting and Audit: High-quality disclosures and robust audit practices.
• Shareholder Rights: Equal rights for all shareholders, with voting rights linked to their economic stake.