The research found a worrying 72% believe they’re spending too much time on corporate governance at the expense of wealth generation.
Paul Moxey, head of corporate governance at ACCA which carried out the survey, said: ‘There was widespread concern that, under the 1998 combined code on corporate governance, too much attention was paid to compliance and not enough to performance. This still appears to be the case with the revised code, or at least in how it is being interpreted.
‘The new combined code appears to be turning into a box ticking exercise, instead of making a real difference.’
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