The Forum was formed in March 2010 in response to questions raised about the
effectiveness of corporate governance as a result of the financial crisis and the
subsequent reviews by Sir David Walker and the FRC.

The Forum brings together a number of key companies, organisations and
individuals to explore what good governance means and to make practical
recommendations to company boards and policy makers.

The purpose of the Forum is:

• to develop specific ways forward following the recommendations arising from
Tomorrow’s Innovation Risk and Governance, in particular those where input
may be most valued by the Financial Reporting Council (FRC), the department
for Business Innovation and Skills (BIS) and the participating companies,
individuals and organisations

• to consider in detail the deeper set of issues which are strategically critical
to the well being of companies over the longer-term. These include:

     – risk, innovation and governance, and how best to develop and
     implement good practice within boards in relation to these linked
     issues at a strategic level

     – the relationship between companies, their boards, and major shareholders
    and how that relationship can be strengthened through greater transparency

    – how in practice to define, differentiate and reward effective ‘stewardship’ by
    boards of all stakeholder interests.

The key outcomes arise from two distinct forms of engagement:

• engaging with and influencing boards, with a particular focus on the strategic
effectiveness of board behaviours and procedures, in part through the
membership of the Forum

• engaging with government and other relevant bodies to influence reforms of
corporate governance in the light of the Forum’s findings and recommendations.

This publication is part of a series of guides and toolkits from the Tomorrow’s Good
Governance Forum for use by chairmen, boards and advisors, to help achieve
practical change.

 

To date the Forum has produced two major outputs:

 

Download Tomorrow’s Corporate Governance: The case for the ‘Board Mandate’ here.

 

Download Tomorrow's Corporate Governance: Improving the quality of boardroom conversations here. 

 

 

Current Forum members are: