More Work Needed

The Hampel committee's interim report should be welcomed by companies and shareholders alike as a further move in the right direction. The need for principles rather than prescription in corporate governance is common sense. No two companies - or shareholders - are identical, so why have rules set in stone with no room for maneuver on either side? Sir Ronald's disdain for a box-ticking approach goes even further. 'It can be seized on as an easier option than the diligent pursuit of corporate