BusinessCompany NewsUS draws up corporate governance blueprint

US draws up corporate governance blueprint

A new US corporate governance blueprint, along the lines of the UK's Higgs report, has been drawn up making 77 recommendations.

Link:

Corporate governance still not top of the agenda

Richard Breeden, the former chairman of the Securities and Exchange Commission, has made the recommendations to avoid future failures such as those that happened at WorldCom.

Breeden, who was appointed by the courts to monitor WorldCom’s bankruptcy and overhaul corporate governance, recommends that all members of the board apart from the chairman and chief executive should be independent. It is also touting the creation of a non-executive chairman role to sit alongside the chairman.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor