U.K. Debate on Corporate Culture Rolls On

Alongside Brexit, talk of reforming the United Kingdom’s corporate governance regime has gathered momentum, as well as support, from several quarters. Business tends to have an instinctive dislike of regulation, but it looks as though change is coming—and that it is necessary. “The reputation of corporate Britain has not recovered from the financial crisis, and there are important questions that need to be addressed on issues including transparency, executive pay, and board diversity,” said Simon Walker, director general of the Institute of Directors (IoD), one of the United Kingdom’s largest business lobby groups.