London, 11 December 2017 – The Government’s Green Paper on corporate governance reform, revisions to the UK Corporate Governance Code and the implications of the BHS pensions ‘scandal’ top the list of key governance stories and events in 2017, according to a poll out today from ICSA: The Governance Institute and recruitment specialist The Core Partnership.
Other governance stories making the list included:
“2017 has seen a plethora of governance news, some of which has been largely positive, such as the Government’s pledge to reform corporate governance, and some of which has been far more negative, such as the stories of sexual harassment and abuse of power in Hollywood, Westminster and beyond. There is a clear need to create an environment where reports of this nature are taken seriously and good governance is one way in which UK companies can help to enforce cultural change,” says Peter Swabey, Policy and Research Director at ICSA.
“The general election result and the ongoing Brexit negotiations have pushed reform down the political agenda, but the recent launch of the Financial Reporting Council’s consultation on changes to the Corporate Governance Code is an ideal opportunity for people to refocus their minds, and help to create a better governance environment in which UK businesses can flourish. With Brexit looming, long-term success and sustainability will be inextricably linked to corporate culture and business integrity.”
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