Will the new UK CG Code make a difference?
‘Adherence to the principles of the Code appears quite possible without any meaningful reference to the new spirit of the guidance. A possible consequence is that a board could comply by the letter of the principles but not really address the ambition that they support.'
A question of inequality
‘Corporate boards are not debate clubs. Their focus should always be on the direction and control of the company. Clearly, a key part of the job is the identification, mapping, mitigation, underwriting and control of risks. But the process of managing risk is not a general exercise of looking at all possible dangers confronting humanity.’