A Portrait of Professional Directors: UK Corporate Governance in 2015

摘要

Picture the scene: It is July 2015 and the AGM has just finished. The board is congratulating itself quietly. The shareholders are happy as well they should be. From a standing start in 2004, the directors have delivered consistently shareholder added value of 15 per cent every three years. The staff are happy, as they are well paid by the industry standards, their conditions are good and their pensions are secure. The suppliers are happy as, although the company are hard bargainers, they pay dead on time. The fund managers are happy as they have a consistently good investment. Only the analysts are a bit grumpy and demanding more, but then as they are analysts what more can you expect?