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Boardrooms, bonuses and the bottom line: New models of corporate governance to secure stronger economic performance

21st February 2017
  • ResPublica
Boardrooms, bonuses and the bottom line: New models of corporate governance to secure stronger economic performance

with

Chuka Umunna MP, former Shadow Business Secretary
Sir Vince Cable, former Business Secretary
Richard Fuller MP, member of BEIS Select Committee
Robert Hodgkinson, Executive Director, ICAEW
Aimee Donnellan, Banking Correspondent, Sunday Times
Jake Sumner, Senior Associate – Industrial Strategy, ResPublica (Chair)

The UK is recognised as having a world-leading corporate governance framework, but domestic scandals regarding the ownership, management and conduct of businesses – ranging from retailers to football clubs – have called this into question. The Prime Minister’s pledge to hold the private sector to account is at the heart securing an economy that works for everyone. Getting corporate governance right will be fundamental to promoting virtuous practice, spreading ownership more widely, increasing productivity, and strengthening the UK’s competitive advantage. But this will entail moving beyond simply consolidating existing arrangements and improving shareholder engagement on executive pay.

ResPublica was delighted to be joined in Parliament by Chuka Umunna MP, former Shadow Business Secretary, and Sir Vince Cable, former Business Secretary, to discuss the way forward for corporate governance in the UK. Ahead of the Government’s response to its Corporate Governance Green Paper; during the consultation of the Industrial Strategy Green Paper; and ahead of Government triggering Article 50, the event came in a vital period for shaping the future of the UK’s domestic economic policy.

Jake Sumner, the Chair and ResPublica’s Senior Associate – Industrial Strategy, has written his reflections on the event and the broader governance climate here.

Highlights

In partnership with the Institute of Chartered Accountants in England and Wales


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