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Jun 2013

Tomorrow's corporate governance - the case for the board mandate

Boards are operating in ever more complex and challenging business environments. At the same time, their behaviour and standards are coming under increasing external scrutiny, for example through the Financial Reporting Council (FRC) and Walker Reviews in the UK.

This scrutiny is driven by broader concerns about a range of issues including trust, the environment, the increasing volatility of capital markets, and the capability of boards as custodians of the company ensuring its resilience for the longer term.

This publication champions the concept of a ‘mandate’ which sets out the ‘essence’ of the ‘character’ and distinctiveness of the company. We believe this ‘working charter’ can help boards navigate their way through increasingly choppy waters by facilitating more effective strategic engagement.

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Tomorrow's corporate governance - the case for the board mandate