Now that governance has come of age, businesses should be able to innovate within the boundaries of good regulation.
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.
What began as a response to corporate scandal, corporate governance is making great strides in driving leadership accountability in Europe—but it’s still a work in progress, with views and policies differing considerably.
The UK’s Financial Reporting Council has published proposals for a streamlined governance code, while research from Mazars, in association with ecoDa, finds compliance with the existing framework to be variable.