The Financial Reporting Council’s executive director of corporate governance and reporting discusses the new UK Corporate Governance Code, principles versus provisions, and warns that governance cannot fix society on its own.
One of the cornerstones of our governance system, for over 25 years the UK Corporate Governance Code has set the standards for public companies to follow. As governance moves further up the political agenda and society looks to strengthen safeguards against corporate failure, the FRC has sought to streamline and refocus the code, creating a model fit for modern governance.
