UK: IOD asks - what is good corporate governance?

Earlier this week the Institute of Directors, in conjunction with Cass Business School, published a report titled The Great Governance Debate – Towards a Good Governance Index for Listed Companies: see here (pdf). The report sets out a new framework for measuring good governance and is intended to be the first step in the creation of a Good Governance Index for ranking companies that is intended to capture factors beyond formal compliance with governance codes.