Useful Links
Government-led reviews in the last few years were the pre-cursor of the Combined Code on Corporate Governance now re-named Corporate Governane Code - please click here for the Financial Reporting Council's web link - http://www.frc.org.uk/documents/pagemanager/Corporate_Governance/UK%20Corp%20Gov%20Code%20June%202010.pdf
You will see that the Combined Code has as one of its main stipulations the recruitment of at least two Non-Executive Directors for every board. According to the Association of Chartered Accountants the mid size sector is estimated to comprise 4,300 private companies, of which less than 20% have to date recruited Non Execs.
For a link to the Higgs report (Sir Derek Higgs) go to: http://www.berr.gov.uk/bbf/corp-governance/higgs-tyson/page23342.html
The DTI published `Building Better Boards’ in December 2004, which was a product of extensive discussions with business, academia and head-hunters. This provided the basis of the case studies integrated in the document. For more information go to: http://www.berr.gov.uk/bbf/corp-governance/better-boards/page17362.html
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