Richards: corporate governance needs more accountability

An overhaul of corporate governance in the UK looks likely as the influential BEIS Committee calls for more transparency and controls over executive pay and a requirement to meet gender diversity targets on boards. Elizabeth Richards, head of corporate governance at ICAEW considers the proposals

It is six months since the prime minister outlined her vision of an economy which works for everyone and there has been a lot of activity since then. A Business, Energy and Industrial Strategy (BEIS) Committee inquiry on corporate governance has taken evidence and published its report, and the government’s feedback on its Green Paper was expected in the next few weeks, although the snap general election is likely to put a hold on that.