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.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016