Britain’s Non-Executive Club Needs New Members
Britain’s accounting watchdog is in the strange position of updating the country’s corporate governance code while simultaneously fighting for its life.The Financial Reporting Council is reeling from the collapse of Carillion Plc earlier this year. The construction firm’s demise exposed a host of governance failings: auditors missed red flags in the accounts, the board failed to challenge management, and investors waved through fat pay packets and juicy dividends...
