Sample Accounting Essays On United Kingdom Corporate Governance

Homework Question on Principles of the United Kingdom Corporate Governance Code

  • The third of the five main principles of the UK Corporate Governance Code is “Accountability”.
  1. Compare and contrast the requirements of the UK Corporate Governance Code related to that main principle with the requirements of ONE company from China of your choice.
  2. You should select ONE company from the U.K. and ONE company from China and use their external corporate governance reports to illustrate your analysis. The two companies selected should both be listed on the stock market of the particular country and should both be operating in the same industrial sector.
  3. You should also identify the features of the two economic systems (countries) which help to explain the relevant corporate governance requirements and the differences between them

Homework Answer on Principles of the United Kingdom Corporate Governance Code

The main aim of the corporate governance code is to ensure that there is efficient, realistic and entrepreneurial management that will guarantee the long-term profitability of a company. The United Kingdom corporate governance code was adopted in 1992 to direct and control the operations of companies. The main objective of the regulations contained in the code is to ensure that there is accountability, good governance, integrity, and transparency in governance.

The code has been reviewed to concur with the changing social and economic environment with the latest review having taken place in the year 2012. The companies covered under the code must be listed in the United Kingdom stock market or elsewhere. HSBC (Hongkong and Shanghai Banking Corporation) Holdings plc in United Kingdom.HSBC (Hongkong and Shanghai Banking Corporation) Holdings plc, founded in 1991, is the second largest bank with its headquarters in London, United Kingdom.

Homework Help

The bank operates globally in eighty countries with approximately sixty million clients (Calder 15). The bank offers commercial services in private and retail services. The bank’s services also include global and investment banking. The bank has been listed in the London Stocks exchange.The Industrial and Commercial Bank of China Ltd (ICBC) in China.The industrial and commercial Bank of China Ltd (ICBC) is the world’s largest bank and was established in the year 1984.