The UK Financial Reporting Council (FRC) has recently issues a revised UK corporate governance code for listed companies and a UK stewardship code for institutional investors.
Together, the two codes aim to raise governance standards in the wake of the financial crisis.
Please provide an individual, written critical analysis of the purposes and usefulness of corporate governance.
Please include a discussion of the following in your written analysis:
1) What is corporate governance;
2) To whom is corporate governance relevant;
3) Approaches to corporate governance;
4) Discuss the role of corporate governance in accountability and corporate value enhancement.
Elliott, B. and Elliott, J. (2015) Financial Accounting and Reporting. (17th ed.). Pearson Education Limited: Essex, U.K.
CIMA, Paper F1. Financial Reporting and Taxation. (2017). Berkshire: UK. Kaplan Publishing.