CORPORATE GOVERANCE
INTRODUCTION
There was an understandable concern about the quality of corporate governance in the U.K after the Maxwell scandal in 1991. A report (Orr, 1992) suggested, "Britain's auditors and corporate chiefs faced a collapse of Enronian proportions" a similar argument was made by Peter Waterhouse Coopers (1999, p.32001) claims, "Business failures heightened concerns about effective governance". Following this came the "worlds most coherent systems of corporate governance" (Orr, 1992) the Cadbury Report.
The Financial Reporting Council, the London Stock Exchange…
