Is the UK witnessing a harmonisation of corporate governance culture and policy with the US?

Lela Cade from Morrow Sodali highlights on Financial Director some similarities between the UK governance system and the US one.

Of course, we will have to wait to see the impact of Teresa May’s proposed changes to corporate governance practices and whether they further align the UK with the US. Regardless of the outcome, one thing is clear, boards must take steps now to increase communication channels on issues including company strategy, remuneration and diversity. This will serve to calm an increasing trend of investor activism and satiate investor concerns on an on-going basis, and ultimately avoiding high profile disruption similar to what can be seen in the US market.