Review of the Effectiveness of the Combined Code: Call for Evidence

Published on the Finanacial Reporting Council Website (2009)

The following comments are an academic’s point of view to some aspects embedded within the Combined Code on Corporate Governance. The main areas commented upon include (1), how to improve the Comply or Explain approach; (2), recommendations on the presence of non-executive board members and financial experts on the board of directors and (3), research recommendations on how to further understand the nature of financial reporting disclosures particularly in the business review section of the annual report.