Question

What are voluntary measures for public limited company?

Answer 1

The appointment is part of government attempts to introduce a tougher regime of corporate governance to provide oversight of the largest privately owned companies in the UK following the collapse of BHS.

The Coalition Group was set up last summer following the outcome of a government green paper consultation on corporate governance reform and is briefed to come up with a new corporate governance framework specifically for large privately owned companies which are not covered by the Corporate Governance Code, followed by UK listed companies.