UK: ICAEW asks 'what are the overarching principles of corporate governance?'

The ICAEW has published the second paper in its Dialogue in Corporate Governance: New challenges initiative: see here (pdf). The paper asks: what are the overarching principles of corporate governance? Five principles are provided for discussion including leadership, capability and accountability. These principles provide one view of governance and are discussed with a strong focus on the role of the board of directors. This is not surprising because, as the ICAEW states, the principles are generally derived from the UK Corporate Governance Code.