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Discuss the relationship that exists in the UK between the legal rules that govern directors’ duties and principles of corporate governance.
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Company Law Coursework. "Companies whose standards of corporate governance are high are the more likely to gain the confidence of investors and support for the development of their businesses". (Report of the committee on the Financial Aspects of Corporate Governance - Cadbury Committee Report (Para 1.6) In the light of this statement discuss the relationship that exists in the UK between the legal rules that govern directors' duties and principles of corporate governance. Corporate governance is a very wide topic area it does not have one set definition its literal meaning is that of united group control however it's a much wider subject area. Corporate governance covers a wide range of issues from the role of the company secretary and legal department, to the business strategy, the roles of the executive and non-executive directors, the relationship between investors and companies and accounting and information systems. A corporate governance structure should set guidelines as to...
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