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Successful and sustainable businesses underpin our economy

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Financial Reporting Council (FRC): The UK Corporate Governance Code (UKCGC)

Companies do not exist in isolation. Successful and sustainable businesses underpin our economy and society by providing employment and creating prosperity. To succeed in the long-term, directors and the companies they lead need to build and maintain successful relationships with a wide range of stakeholders. These relationships will be successful and enduring if they are based on respect, trust and mutual benefit. Accordingly, a company's culture should promote integrity and openness, value diversity and be responsive to the views of shareholders and wider stakeholders.

1. Why this statement is so important

2. Is this statement reality, or a proposal for a utopian future?

3. Give an example of a plc which does not comply with this statement - how does your plc fail to comply?

Reference no: EM133558521

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