Online Assignment Submission

Birmingham Business School

Student ID Number: 1178691

Programme Of Study: Bsc. Business Management Year in Industry

Module: International Corporate Governance

Assignment Title: Critically discus the extent to which you consider the initiatives aimed at corporate governance reform in the UK represent an improvement to the system of corporate governance

Date and Time of Submission: 13/11/2014 11:00AM

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Corporate governance pertains to the implementation of a set of established policies in which influence the way an organisation is managed and the style in which it operates. For policies to be efficiently and effectively implemented the execution of corporate governance is not only vital, but also essential in satisfying an organisations customers, employees, management and the interrelations amongst stakeholders involved (Bhattacharya, 2000). The late 1980s and early 1990s witnessed major upheaval in regards to continuous instances of corporate failure of several prominent UK organisations including Polly Peck, BCCI and Maxwell Communications. These corporate collapses and financial scandals were the driving force behind the development of initiatives in attempt to reform weak governance systems.
Governance practitioners and regulators displayed concern towards the effectiveness of the board of directors and other governance mechanisms following