New corporate governance principles for private companies is revealed as new reporting requirements are laid before Parliament.
James Wates. Photo: Wates Group
New corporate governance principles for large private companies have been published, including a call on boards to undertake "meaningful engagement" with material stakeholders.
The six new principles come as a result of a review undertaken by James Wates, chairman of construcution company Wates. The review was ordered by the government in the wake of scandals at high street retailer BHS.
In a statement Wates said: "These principles will provide a flexible tool for companies of all sizes, not just those captured by the new legislative reporting requirement, to understand good practice in corporate governance and, crucially, adopt that go
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