22 Corporate governance and whistleblowing
‘The real mechanism for corporate governance is the active involvement of the owners.’
Louis Gerstner Jr, former CEO and chairman IBM
In a nutshell
Corporate governance refers to the system by which companies are ‘managed’ (i.e. directed and controlled). ‘Good’ corporate governance prevents directors from making and taking decisions that benefit themselves to the detriment of the shareholders who appoint the directors to run the business on their behalf.
The UK has developed its corporate governance guidance over 30+ years. The UK Corporate Governance Code (The Code) is written as a set of principles and supporting provisions intended to guide directors on best practice to ensure long-term sustainable ...
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