The UK private equity industry will on Tuesday unveil its first attempt to curb growing criticism with the publication of a review proposing greater financial transparency and improvements to corporate governance which could include appointing independent directors. Sir David Walker, former chairman of both Morgan Stanley International and the Securities and Investments Board appointed by the buy-out industry to propose a code of conduct, will trigger a fierce debate with Tuesday’s consultation paper. Most controversially, he is expected to float the idea of buyout firms appointing external, non-executive directors to the boards of some companies they take over.

This entry was posted by Gwen Robinson on Tuesday, July 17th, 2007 at 5:42 and is filed under Capital markets, M&A, People, Private equity. Tagged with sir david walker. Edit this entry.