Good corporate governance is vital

Guy Jubb, investment director, head of corporate governance at Standard Life Investments, looks at the impact of the Financial Reporting Council's Stewardship Code.

The financial crisis demonstrated how important good corporate governance is – and how catastrophic poor corporate governance can be. Rightly, much of the critical focus was on boardrooms but there was no hiding place for fund managers. Drawing on his wide experience, Lord Myners left the investment community in no doubt its license to invest was dependent on raising its game. Sir David Walker, in his respected report on governance at banks, was instrumental in shaping the principles that are now set out in the Financial Reporting Council’s Stewardship Code, which was published by the Fi...