Corporate Governance Code
As a result of the financial tsunami that swept over the global economy during 2008-09, Sir David Walker was asked to review the governance of banks and other financial institutions in the UK to assess the governance systems which might have alleviated it. The Financial Reporting Council ("FRC") decided to bring forward the Code review scheduled for 2010 so that corporate governance in other listed companies could be assessed at the same time. On May 28 2010, the FRC published The UK Corporate Governance Code, replacing the formerly-named Combined Code on Corporate Governance. Read more...
This article first appeared in the July 2010 edition of Aimzine.
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