Accounting and Finance Department host ICAEW event in Leeds

The Accounting and Finance department hosted an ICAEW (Institute of Chartered Accountants, England and Wales) workshop aimed at discussing why some companies succeed and others fail.

On Tuesday 3rd October, Leeds University Business School colleagues hosted a collaborative event with academics and professionals from various backgrounds in areas of finance and accountancy.

The event titled ‘Business Resilience and Best Practice for Corporate Governance’ aimed to discuss, corporate finance, business resilience and strategies for preventing company failure. The main session invited an audience to listen to guest speakers from many leadership roles, and a roundtable discussion involved an eclectic mix of Professors, Senior Policy Managers, Research Fellows, and Directors.

Industry experts and leading professionals discussed the importance of communicating proactively with stakeholders to avoid surprise failure, understanding value propositions, being alert to changes, supporting robust processes around finance, avoiding hubris, and understanding that stakeholders from different cultures might have different expectations and mindsets.

The workshop involved senior leaders from professional bodies, including ICAEW President, Mark Rhys; author of “Driven to the Brink: Why Corporate Governance, Board Membership and Culture Matter” Patricia Dimond; Professor of Credit Risk and Finance, Nick Wilson; Associate Dean of Research, Professor Ania Zalewska; ICAEW Director, Peter Van Veen; and EY EMEIA Public Policy Leader, Andrew Hobbs.