UK government launches consultation on corporate governance

Recent corporate governance failings at high-profile companies have further dented the British public’s trust in business and raised questions as to whether existing standards are fit for purpose. In light of this, the UK government has launched a consultation seeking views on how to improve the country’s corporate governance framework.

The government’s proposals are outlined in a green paper published by the Department for Business, Energy & Industrial Strategy (BEIS). Areas covered by the proposals include executive pay, strengthening employee and customer representation, and whether – and to what extent – large, private businesses should meet higher minimum corporate governance and reporting standards.

GoodCorporation speaks to Samantha White from CGMA Magazine