For the fifth year running, Grant Thornton have assessed three hundred and fourteen FTSE 350 companies against the terms of the Combined Code 2003 and associated guidance and for the first time has also taken a closer look at the area of boilerplating - fact of fiction.
As governance practice continues to evolve around the world, this year's review identifies a number of welcome improvements but with a remarkable 66% of the FTSE 350 still failing fully to adopt the provisions of the Code, it also picks up on a note of complacency, which UK plc directors should ignore at their peril.
For the first time, companies listed on the Hong Kong Stock Exchange are having to comply with a code of governance which largely mirrors the UK Code. Grant Thornton Hong Kong has reviewed the disclosure practices of some 200 major companies in the Hang Seng Composite Index (HSCI) and the published results provide for an interesting comparison between Hong Kong’s performance, representing emerging market practice, and the more mature environment of the UK. Click here to view the First HSCI Corporate Governance Review 2006.
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