Annual index reveals that the retailing giant is trailing the rest of the FTSE100 when it comes to governance, while audit and risk (external accountability) emerge as the most important factors in measuring governance performance.
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.
Theresa May's proposals on governance have been described as "extraordinary" in some quarters while other commentators predict fierce resistance. But one thing is certain: the breadth and depth of her suggested reforms have caught UK business by surprise.