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Private companies next up for governance revolution

Paul Hodgson | August 26, 2016

In light of the extraordinary governance failures displayed in the sale of BHS and the subsequent dual enquiries from U.K. government select committees, the Institute of Directors (IoD) announced that it would be reissuing its governance guidance for private companies.

The previous guidance is a little difficult to track down, since it has been taken down from the IoD website, but it appears that the new guidance will largely be a reiteration and confirmation, rather than a redrawing of the principles.

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“The intention is to publish updated guidance in November, but it is unlikely to vary much from the existing guidance,” said Oliver Parry IoD’s head of corporate governance. “A small steering committee was set up that has been reviewing the guidance over the last two months, but the current principles as is seem fit for purpose.” References...

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