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ATMIA publishes corporate governance manual

October 12, 2005

BROOKINGS, S.D. - The ATM Industry Association has published a corporate governance manual for the ATM industry. It contains international recommendations for business ethics and accountability.

This corporate governance manual summarizes the essential principles of corporate ethics and accountability with special reference to the ATM industry. Its purpose is to make it easier for companies and organizations to implement systems designed to protect the name and integrity of both their company and the industry it serves, while at the same time showing responsibility to their wider society and environmental context.

The manual defines and outlines seven characteristics of good corporate governance, namely, discipline, transparency, independence, accountability, responsibility, fairness, and social responsibility.

Contemporary business scandals, like those at Enron, Worldcom and Parmalat, have badly affected confidence in the private sector.

ATMIA has appointed the Corporate Governance Committee to oversee its own corporate governance and has started to develop a training course as part of its strategic initiative to reinforce corporate governance throughout the industry.

ATMIA will introduce a training workshop entitled "An Introduction to Corporate Governance" at many of its 2006 conferences, starting with its seventh annual ATMIA Conference East, "Multi-Channel Optimization & Security."

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ATM Industry Association (ATMIA)

The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.

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