Code Consequences for UK Boards
The report of the Committee on the Financial Aspects of Corporate Governance with its Code of Best Practice was published in December 1992. The report included recommendations to investors, accountants, and auditors, but at its heart was the Code of Best Practice, which was directed to the boards of all listed companies registered in the UK. This chapter deals primarily with the consequences of the development of governance codes for the chairmen and boards of UK listed companies.
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