Have current codes of practice significantly improved corporate governance around the world? If not, then it may be time to review the case for enforced compliance.
Are we getting corporate governance right? The end of last year saw another iteration of the UK’s Corporate Governance Code. The consultation will prompt much debate, but discussion was well underway long before the Financial Reporting Council draft code appeared.
Indeed, one big discussion centres on the general progress of governance and whether companies are better governed with “hard” or “soft” law approaches—principles or rul
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