A survey of 100 UK executive directors by law firm Eversheds found that more than half felt their non-executive counterparts were at a disadvantage in identifying and managing risk.
Eversheds concluded that current corporate structures meant that non-execs were only able to access information that was fed to them by the executives – as a result were not close enough to the business and were only told what executives wanted them to know.
The report also revealed that executives are more worried about red tape, liquidity and their own personal risk than about corporate governance and managing shareholder expectations.
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