The QCA Corporate Governance and Legal Committees responded to Sir David Walker's review of corporate governance in UK banks and other financial institutions. The QCA commented that care would need to be taken in extending the recommendations to other financial institutions and to listed companies.
QCA Response to the Walker Review
In these challenging times, pressure can mount on NEDs to go against their better judgment. On these occasions, it is appropriate and reasonable to seek independent professional advice says Martin Finnegan of Nabarro.