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Reform of UK boardrooms diluted as ‘competitiveness’ prioritised

Carillion sign with 'Robin B 'Stards' graffitti
Carliion was one of a number of high-profile scandals to spark reform moves. Photo: Christopher Furlong/Getty Images

Martin Cloake

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Reforms to UK corporate governance promised in the wake of a series of high-profile scandals have been abandoned or watered down.

UK accounting watchdog the Financial Reporting Council (FRC) confirmed Tuesday that “over half” the 18 reforms proposed following a consultation in May were to be dropped, and the King’s Speech to Parliament – which sets out the legislative programme for the next session – did not include any proposals to

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