Recent behaviour has raised an eyebrow or two in TS Towers, as left-wing MPs have extolled the virtues of British boardrooms, holding them up as an example of good governance that Tony Blair should follow.
Nine MPs have signed a Commons motion arguing that ‘modest changes are required’ to enable the cabinet to operate on the basis of the Combined Code of Corporate Governance 2003 and the Companies Act 1985. They point out that both the Hutton and Butler inquiries revealed only three of 17 meetings at Downing Street each day had recorded minutes.
TS wonders what the shareholders would say about this…but hold on isn’t that all of us?…yes it is and what happened to the dividends?
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