UK companies are not investing. Laurie Fitzjohn-Sykes argues that governance structures are too focused on risk aversion rather than entrepreneurial leadership. It is now 25 years since Tiny Rowland described non-executive directors as baubles on a Christmas tree, but how much progress have we made? Are they the independent stewards of long-term successful companies, or ineffective appendages, or worse, a damaging influence on management? There has been no shortage of corporate governance reforms since then, starting with Cadbury, to Greenbury, Higgs, and Walker, amongst others. This has led to progress in many areas. However, one problem is that reforms have followed scandals and therefore have been focused on preventing the same scandal happening again, rather than supporting long-term growth. Read the full article here.
top of page
Recent Posts
See AllDear Readers, Here are a few articles published in the last few days that address issues - such as leadership, sustainability, financial...
With the Wates Corporate Governance Principles published this week, we now ask: what impact can we reasonably expect them to have? And...
Dear Readers, Here are a few articles published in the last few days (W/C October 29th 2018) that address issues - tech, AI,...
bottom of page