Good corporate governance is essential to the effective operation of a free market, which enables wealth creation and freedom from poverty. In the UK the belief in relation to corporate governance is that the more ingrained the system of corporate governance in a business community, the less the need for detailed regulation to ensure effective compliance with good standards of business behaviour.
This module will explain more about the UK’s approach to corporate governance and in particular give you an insight to the 2010 published guidance now rebranded UK corporate governance code, previously known as the UK combined code.
By the end of this learning module you will:
- appreciate the key developments in corporate governance over the last thirty years in the UK
- recognise the UK’s approach to governance known as the comply or explain approach
- understand the key requirements of the new UK corporate governance code issued in 2010.