It is hardly surprising that corporate governance should come under scrutiny in the wake of the experience of critical loss and failure throughout the banking sector. Now Sir David Walker has published his final recommendations and the Financial Reporting Council (FRC) has reported on its review of the Combined Code and it is possible to see some changes in emphasis and practise. But there is still uncertainty about how the changes will be put into practise and their effect. Although remuneration was the main focus of attention when the Walker Report was published, it deserves an article to itself and this article looks at some of the other trends and unanswered issues.
Investor engagement
