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Great corporate governance is an unsung hero

The CBI has commented on the launch of the Wates Principles, a new voluntary corporate governance code for large private businesses.

Matthew Fell, CBI Deputy Director-General, said:

“Great corporate governance is the unsung hero of brilliant businesses.

“Private companies play a major role in our economy and society, so it is important they are held to similarly high standards as their public-owned counterparts.

“The new Wates Principles can help private businesses take their governance to the next level, with robust decision-taking informed by strong engagement with their employees, customers and owners.

“Critically, these new principles give firms the flexibility to determine what approach works for them.”

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