On 29 August 2017, Government announced new boardroom laws to make UK companies more transparent and accountable.
Personally, I think good governance and integrity is at the heart of any successful business and this further move towards transparency and governance can only be good - even for private businesses.
However, its also important to ensure that this initiative does not place unnecessary additional burdens on companies - that will ensure that Government get the blend of governance and business operations right while encouraging private businesses to be successful and well run.
“Large private companies are integral to the UK economy as significant employers and supporters of communities and families. It is right that we develop a set of corporate governance principles to enhance confidence that they act in the public interest.”