Powered by

Don't let corporate governance turn into a box-ticking exercise

Jan 16, 2020 - City A.M.

LAST week, some of the UK's biggest businesses received a rap on the knuckles, as the Financial Reporting Council (FRC) published its annual review of how well companies lived up to the Corporate Governance Code.

Some FTSE firms, the accounting and governance regulator argued, were simply "paying lip service to the spirit of the Code", which sets out the principles and best practice for the boards of directors of listed companies. FRC chief Sir Jon Thompson bemoaned the fact that a "box-ti...