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Beyond the myth of Anglo-American corporate governance

In June 2005, the ICAEW began the Beyond the myth of Anglo-American corporate governance initiative. It aims to generate discussion and broaden debate on the differences between US and UK corporate governance systems and help to promote understanding of pressures and opportunities that arise in increasingly international capital markets.

The Emerging Issues paper was published in January 2007 and culminates from the Pressure Points consultation, a series of Discussion papers, face-to-face meetings and two Transatlantic Roundtables.

Pressure points

The Pressure Points consultation was published in December 2005. It highlights 21 questions representing some of the most challenging aspects of cross-border corporate governance and is relevant to boards, investors, the accountancy profession and policy makers.

Emerging Issues

Emerging Issues summarises the findings to the 21 questions in the Pressure Points consultation which have been developed after face-to-face engagement with practitioners and commentators.

Discussion papers

Four discussion papers provide background information on US and UK corporate governance systems and are as follows:

Independent viewpoints

As part of the Beyond the myth of Anglo-American corporate governance initiative, the ICAEW welcomes independent viewpoints. Divided by common language has been written by Tim Bush of Hermes Pension Management Ltd. It highlights the major differences that exist between the US and other countries surrounding the purpose, authority and enforcement of financial reporting and audit.