In recent months, companies surfing the corporate governance wave and hoping to keep ahead of any new government regulatory requirement, have started creating new posts to deal with all the specific issues.

At Fidelity International, Trelawny Williams was recruited two years ago to head up their corporate governance operations. Their approach is very much a quiet one. “Our strong preference is to do things very consensually and confidentially. We really do believe that bleating on about companies at AGMs and having public disputes is actually a failure of governance,” Williams says.