Good corporate governance
Iain Wright explores how to ensure an environment of good corporate governance.
Corporate governance has been in the headlines more in the past few years than at any point since the introduction of the UK Corporate Governance Code. Recent corporate scandals – the collapse of Carillion and BHS, the lawsuit launched against Tesla’s Elon Musk owing to his ill-judged tweets, the treatment of Sports Direct’s workers and even the financial crash of a decade ago – can be distilled down into a failure of corporate governance.
At its heart, good corporate governance is about balancing the different and often competing interests of shareholders and stakeholders in an environment whereby business decisions can be made with suitable challenge, consideration, integrity and accountability.
This is an extract from the Business & Management Magazine, Issue 269, November 2018.
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