Abstract
We are currently in the midst of the most significant global changes in corporate governance arising from the financial crisis that will fundamentally transform governance obligations, relationships and expectations, as we know them. Governments in the United States, United Kingdom, European Commission and elsewhere are enacting legislation and voluntary codes to enhance governance oversight, facilitate shareholder impact, enshrine risk governance and strengthen board and shareholder control over executive compensation. This article focuses on developments in the United Kingdom, specifically the recommendations within the ‘Walker Report’.
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