Hildyard: corporate governance needs to be strengthened

Prior to the global financial crisis, the issue of corporate governance was an unromantic fringe topic of little interest to all but the nerdiest technocrats in the already quite nerdish and technocratic area of economic policymaking and regulation. Now it is centre stage, says Luke Hildyard, policy lead on corporate governance at the Pensions and Lifetime Savings Association

In the decade since, it has become an unavoidable topic to anyone with the faintest interest in policy. Politicians of all parties have identified governance reforms as a key mechanism for making their vision of the good society a reality.

Theresa May’s government is currently in the process of amending corporate governance structures to give workers, customers and suppliers a stronger say at boardroom level.

These latest reforms build on changes introduced by the Coalition business secretary Vince Cable, designed to make companies more accountable to shareholders over their executive pay practices.

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