Improve executive behaviour with better board education
Everyone wants executive behaviour to improve. But the solution cannot just be to increase regulation—the answer lies in better managerial education and audacious corporate governance reform.
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The prime minister’s introductory letter to the government’s Green Paper on corporate governance reform in November 2016 explained that one of the main goals was to stem the tide of popular discontent and distrust in the business community, and to make sure that people “retain faith in capitalism and free markets”.
The question, however, is whether the timid reform path that the Green Paper sets out will be enough to change managerial behaviours and bring about economic stability so that public faith in the economic system is restored.
Not long ago, a Tory government proposing corporate governance reform to rescue capita
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