IFAC praises revised principles
28 August 2012
The International Federation of Accountants (IFAC) has spoken out in support of the OECD’s revised Principles of Corporate Governance.
IFAC says the revised Principles are ‘an extremely important element of the international financial system’.
Rene Ricol, President of IFAC, said: "Corporate governance is a key element of improving economic efficiency and growth, and IFAC strongly supports the position that corporate governance practices internationally should be based on principles and...