Future reforms to governance could “compound” the problem that UK company boards are bogged down in risk mitigation and compliance monitoring, rather than supporting executives in investing for the long term, a think-tank warns. The report, conducted by Tomorrow’s Company, says that boards are “weighed down” with 25 years of reforms following a succession of corporate scandals. The answer, it says, is for investors to shift their focus from quarterly results to stewardship; that the government should move its emphasis from preventing scandals to encouraging long-term investment; and that non-executives should be more focused on supporting managers. The warning comes as the UK waits to see how the Financial Reporting Council will