British American Tobacco named best company
Tesco has been named Britain’s lowest FTSE 100 performer, according to a study by the Institute of Directors (IoD), thanks to its accounting scandal in 2014.
WPP and Berkeley Group were among the lowest-ranked companies on the list.
The Institute of Directors (IoD), which published the report, warned companies to improve how they are run after a year in which excessive pay for bosses and a string of scandals has once again battered the reputation of corporate Britain.
Among the best companies for corporate governance were British American Tobacco and Unilever.
Oliver Parry, head of corporate governance policy at the IoD, said: “Companies need to own this now. You have got to get to grips with your corporate governance because if you don’t then policymakers will regulate you more.
“We are saying to companies: ‘You have still got an opportunity to sort it out for yourselves.’”
Best companies for corporate governance
1 British American Tobacco
2 Unilever
3 Diageo
4 Sage Group
5 Next
Worst companies for corporate governance
96 WPP
97 Associated British Foods
98 Rolls-Royce Holdings
99 Berkeley Group
100 Tesco
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