25th Anniversary of the UK Corporate Governance Code
With the publication of the Cadbury Report in 1992 and subsequent creation of the UK’s Corporate Governance Code, the quality of corporate governance has been greatly enhanced and is globally renowned. A key reason why global investors commit their capital to UK listed companies is the trust and confidence the Code engenders, thereby benefiting UK society in the long-term through jobs, growth and prosperity.
In particular the ‘comply or explain’ approach has allowed companies to respond effectively to evolving market circumstances. As we look to the next 25 years, it is important that our framework of corporate governance continues to evolve.
We have asked a number of our stakeholders to contribute their thoughts about a particular aspect of corporate governance from the last 25 years or their views on the future.
Philippa Foster Back CBE, Director, Institute of Business Ethics
Faster, Higher, Farther: but at what price?
Peter Cheese, CEO, Chartered Institute of Personnel and Development (CIPD)
Corporate governance for the modern world