EVELOPMENT OF THE UK CODE OF CORPORATE GOVERNANCE

a?Encouraging transparency, accountability and long-term stability will promote healthy long-term growth and help UK industry gain public trusta (Financial Reporting Council 2010)

Part I: Explain how the corporate collapses of the 1990s and early 2000s led to the publication of the first Combined Code in 2003. (70%)

Part II : With reference to the above quotation evaluate whether or not the Code in its current format is adequate for protecting the interests of stakeholders in public limited companies (30%)