Edited by Victoria Younghusband“Regulatory risk has never been a more serious issue than it is now. Directors must sit up and take notice or they will suffer the consequences.” Sir Terry Leahy, chief executive of Tesco.
Recent corporate collapses have served to highlight the need for greater corporate accountability not only in the UK, but worldwide. The might of the regulator backed up by the political will to prevent the recurrence of such destabilising financial scandals is all too apparent. Almost overnight directors’ duties and responsibilities have been pushed to the top of every corporate agenda. Directors, eager to address their ignorance and fearful of the consequences of non-compliance with the regulatory regime, are crying out for guidance from the appropriate advisers.
