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CIMA Welcomes Kingman proposals

02 January 2019

CIMA says it welcomes the recommendations from the Kingman review and efforts to restore public trust in business.

It said it was particularly pleased to see the increase in statutory duties focused on the consumer, investors, and the wider public interest, and the recommendation to place all company directors under the same regulatory scrutiny as those in the accounting profession.

Addressing the public interest definition and the greater emphasis on the importance of wider corporate reporting (including support to report on an integrated basis), was also welcomed.

However, CIMA has urged the Government to ensure that the positive reforms already made to address company culture with the existing corporate governance code are not lost going forward.

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