Friday, September 10, 2010

Governance: transparency matters


The reworked and renamed UK Corporate Governance Code will cause upheaval for many listed companies. But what will the changes mean for companies?

With the financial services meltdown of 2008 still fresh in the mind, UK boardrooms are set for a tightening of corporate governance as a new code is brought into play. It follows a period of intense scrutiny of company boards and a damning report by the Organisation for Economic Co-operation and Development, where it concluded that failures and weaknesses in corporate governance arrangements were a significant contributory factor to the crisis in the financial services sector.

See full Article.