The results challenge the need for one of the Higgs Report’s central measures – that at least half the members on a company board should be independent, non exectives.
Reported in the Financial Times today the report also calims that the greater the number of ‘executives’ on a board, the better its performance.
The study will form another blow to the recommendations in the Higgs Report which has recently come under withering criticism from sections of the business community.
Such has been the level of criticism that even government ministers have felt the need to publicly support it while Derek Higgs himself has also been drawn into publicly defending his work.
The report was commissioned in response to the accounting scandals at Enron and WorldCom and was published together with the Smith Report which looked at the role of company audit committees.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements