New index suggests governance is a more complex process than box-ticking.
G4S is perceived as the worst-performing company for corporate governance in the UK, while industrial services business Intertek received the highest score on a new index launched by the Institute of Directors (IoD). The research comes in a report by the institute, The Great Governance Debate – Towards a Good Governance Index for Listed Companies. Ken Olisa, chairman of the report's advisory panel, says companies have become over-reliant on a tick-box approach to the UK corporate governance code instead of addressing “behaviour”. “One of the key findings of our new research is that no one factor dictates whether a company is well-run, whether that’s the number of non-executives on a board or how often the auditor is change