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Opportunity lost to reform governance and audit? Shareholder paradise will not be easily regained.

We all agree to having a healthy business environment. So why water down measures that would reduce the risk of fraud and mis-statements?

Our joint letter to the FT Letter: Investors are let down by the decision to dilute boardroom rules | Financial Times (ft.com). The reforms are supposed to restore trust in governance and audit. The best way to do this is to focus on “the interests of consumers of financial information, not producers (source Sir John Kingman, author of the Kingman Review )”.  So why is the government being swayed by the latter?

 

 

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