1. The Morning Risk Report: BHS Leads to Call for Better Governance at Private Cos

    The Morning Risk Report: BHS Leads to Call for Better Governance at Private Cos

    The events with BHS led the Institute of Directors to urge the new Prime Ministers to call for a review of U.K. corporate governance. “Now is the time to take a fresh look at how large private-owned companies are governed,” said Oliver Parry, head of corporate governance at the IoD, in an email. “Non-executive directors are there to rein in the excesses of executives and protect the company’s long-term sustainability, including its reputation.” According to the Conference Board, a private enterprise’s owner and board are accountable to its stakeholders, including its employees. “The U.K. Companies ...

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