A recent article about legislation that enables the government to raise the level of fines imposed in Magistrates Courts for ‘regulatory’ criminal offences caused to me recall how widespread these offences have become. Directors need to be aware that failure to comply with regulatory requirements can result in a Magistrates Court attendance and hefty fine.
Posts tagged: Corporate Governance
A noteworthy addendum to Sir David Walker’s review of corporate governance is the open letter from the FSA to the Chairman of the ISC dated 19 August 2009.
This letter flags up the FSA’s support for more active shareholder engagement in disputes with boardrooms, with a view to promoting good corporate governance. This encouragement of shareholder activism at this level may be an important development.
The report by Sir David Walker into the governance of the banking industry has some interesting things to say about corporate governance generally.