We use cookies on our website. Find out more or ignore

All about connection

16 May 2017 by Henry Ker

All about connection - read more

Governance can reunite business with its disenfranchised stakeholders

Governance and Compliance May 2017

The BEIS Select Committee report on corporate governance appeared just as the April issue was going to press. This month we tackle the report’s contents; I spoke to former MP Iain Wright, who chaired the Select Committee, and got his views on the recommendations. Mr Wright explains that ‘the current failure of corporate governance is essentially a disconnect of the system’. Although it is not a cure for all of the corporate world’s ailments, what governance can do is reunite business with its disenfranchised employees, shareholders, and the public in general. You can read the full interview, 'Governance must evolve'.

Elsewhere, ICSA’s Peter Swabey ranks the inquiry’s recommendations in his article 'Red, amber and green'. Although we may have just moved into a regulatory limbo as the impending snap election in June curtails any likelihood of immediate action by the Government, the Select Committee’s report is still a major piece of work and we continue to welcome parliamentary focus on this most important of subjects.

The attention from the powers-that-be on governance does not mean the system is broken. The UK has one of the strongest corporate governance frameworks in the world – but the challenge is to keep it that way. As Mr Wright explains: ‘It is a strength of the UK economy that we can build on the successes of an effective corporate governance system to evolve with the requirements of the future. One of the reasons to do business in this country is that shareholders and stakeholders in general recognise that the UK is still the number one for corporate governance.’

ICSA’s Annual Conference is taking place on 4–5 July. Throughout the magazine we feature several articles by speakers from this year’s conference to give you a taste of what to expect. Lord Owen tackles the issue of hubris in 'The danger of runaway leadership'; Dr Peter Crow reconceives the role of the board at the centre of strategic operation with 'The strategic board'; and Aidan Kearney gives an insight into the human mind and controlling our ‘inner chimp’ in 'Manage the chimp'. The conference promises to be a spectacular event and I hope to see many of you there.

Henry Ker is Editor of Governance and Compliance

LATEST ARTICLES

The social case for diversity can stand alone - Read more

The social case for diversity can stand alone

24 May 2018 by Jimmy Nicholls

Businesses can pursue diversity as a societal good, even against a varied business case. Read more...

Do you think the FRC’s enforcement powers should be enhanced?

Do you think the FRC’s enforcement powers should be enhanced?

23 May 2018

Our community assesses the teeth of the Financial Reporting Council. Read more...

Philippa Foster Back: Even if it is legal, is it right? - Read more

Philippa Foster Back: Even if it is legal, is it right?

16 May 2018 by Jimmy Nicholls

The director at the Institute of Business Ethics discusses consumer backlash against misbehaving companies, how boards shape culture and UK reform of corporate governance. Read more...

Strong culture and governance make for sporting behaviour - Read more

Strong culture and governance make for sporting behaviour

15 May 2018

Understanding and improving culture can help ease sport’s troubles. Read more...

How small and mid-cap firms can AIM higher - Read more

How small and mid-cap firms can AIM higher

15 May 2018

The QCA has updated its code to help small and mid-cap companies improve governance and encourage growth. Read more...

For some chief executives there is no easy way out - Read more

For some chief executives there is no easy way out

15 May 2018

Succession planning for a charismatic CEO is a thankless task. Read more...

This AGM season faces a shifting climate - Read more

This AGM season faces a shifting climate

15 May 2018 by Jimmy Nicholls

Investors are demanding firms do more on environmental and social issues, including board diversity and climate change. Read more...

Executive remuneration reform needs patience - Read more

Executive remuneration reform needs patience

15 May 2018

Recent changes to executive pay regulation need more time to have an effect. Read more...

Companies House's online registration needs fixing - Read more

Companies House's online registration needs fixing

15 May 2018 by Jimmy Nicholls

The conviction of a whistleblower protesting the ease of registering with Companies House shows flaws in the system. Read more...

Work experience lets candidates try governance for size - Read more

Work experience lets candidates try governance for size

15 May 2018

ICSA has developed guidance to help support companies to offer work experience. Read more...

Have your say

comments powered by Disqus

Advertisements