An Industry body has proposed that Britain's company directors should sign up to a code of conduct to improve behaviour in boardrooms after high-profile corporate collapses, such as builder Carillion and retailer BHS. 

The Association of Management, with roughly 20,000 members, has proposed a voluntary 9-point norm that covers ethics, variety, competence and legality. It additionally contains efforts to cut back an organization’s carbon dioxide emissions in an affordable period of time. This plan enhances the prevailing Corporate Governance Code ruled by regulatory companies, the Financial Reporting Council (FRC), and common authorized obligations below UK corporate regulation.

After the collapse of Carillion, the FRC plans to strengthen its personal corporate governance code to allow administrators to be extra accountable for monetary statements below US Servens-Oxley Act.

https://www.reuters.com/business/uk-institute-pushes-ethical-code-after-corporate-scandals-2022-06-19/