"... we want companies to come to London to access capital and float on the main market or the AIM market. It is one of the attractions of Britain that we are an open global economy, but when those companies come, they must understand that we have rules of corporate governance that are there for a reason, and they need to obey those rules. I am sure my right hon. Friend the Chancellor will address that not only in his speech tonight, but in the papers that we will be publishing in subsequent days".
It will be interesting to see what is forthcoming. What are these rules that must be obeyed to which the Prime Minister referred? It would be difficult to argue that he is referring to the UK's Corporate Governance Code given that it operates on the basis of 'comply or explain'.
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