Cleaning up the governance act
UK business has made “great strides” in corporate governance, but recent events at BHS and Sports Direct have prompted questions about the behaviour of some directors. David Doughty argues that business needs to clean up its act.
It is 24 years since the publication of the Cadbury Report, one of the most significant milestones in the history of Corporate Governance; and it is 43 years since Edward Heath referred to Tiny Rowland’s Lonrho as "the unpleasant and unacceptable face of capitalism".
Yet, as we have seen recently with Sir Philip Green, Mike Ashley and Sir Martin Sorrell, there is still something rotten in the state of UK boardrooms.
It had felt as if we were making great strides in tidying up the acts of the UK's listed companies with the UK Corpora
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