MacNeil, Iain; Li, Xiao - In: Corporate Governance: An International Review 14 (2006) 5, pp. 486-496
The "comply or explain" principle adopted by the UK's Combined Code on Corporate Governance has now been in operation for 12 years. In this paper we focus on two aspects of this regime. The first is the nature of the explanations that have been given by companies with an established record of...