Corporate Governance

"Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals_. The aim is to align, as nearly as possible, the interest of the individuals, corporations and society"
Sir Adrian Cadbury 1999
The UK’s economy depends on the drive and efficiency of its companies. The companies must be free to drive forward, but exercise that freedom of situating a system of effective accountability. This is the essence of any system of good ‘Corporate Governance’.
Corporate Governance is the system by which companies are directed and controlled. Board of Directors are responsible for the governance of their companies. The shareholders’ role in governance is to appoint governance structure is in place.
In 1992, Sir Adrian and his committee introduced a report outlining the need for better corporate governance. This was the response to a number of scandals that occurred in the late 1980s and early 1990s tha...