The Wates Principles: Thoughts on Application

Source: Financial Reporting Council frc.org.uk

Introduction: The Wates Principles (Wates) are the UK’s pyramid of large company governance. Increasingly, Wates is being applied to private and public companies alike. Indeed, Wates is viewed on the global stage as a clear summary of best practices. In three parts, I would like to examine Wates in the context of recent business events as well as in view of peer guidance for corporate governance.