Veteran investment banker Derek Higgs, whose work on the review is close to completion, did however say that there could still be some significant changes, although in principal it was agreed that corporate governance in the UK was sound, the FT reported.
Possible changes that could be recommended include limiting the number of non-executive directorships one person can hold to five, increasing responsibilities for non-execs, introducing fresh blood and exposing them to the same legal risks as their executive counterparts.
Other proposed measures include formalising recruitment procedures, the introduction of a national register for directors and the compulsory advertising of non-executive positions.
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