(LSE) Comply or Explain -20th Anniversary of the UK Corporate Governance Code (Essays)

The Corporate Governance Code, with which UK listed companies “comply or explain”, has come a long way in 20 years. It’s a good moment to take stock; and this collection of short essays does exactly that.

It brings together the views of a wide range of people – directors, investors, academics, lawyers and the media – from different markets. From their diverse perspectives, some common themes emerge. One is that the pioneering work of Sir Adrian Cadbury has resonated around the world. Codes have been introduced in countries as different as Switzerland and Bangladesh. Even in the US, where the company law framework makes “comply or explain” codes more of a challenge, there is starting to be discussion about how one could be made to work.


The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

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