Bosses split on pan-EU rules on governance

EUROPEAN bosses are split on new EU corporate governance rules, with those on the continent more in favour of pan-European rules than in the UK.

EU officials will formally ask for opinions on a corporate governance green paper today, but 64 per cent of UK executives are against the rules, compared to 65 per cent of European executives that are in favour.

The survey, by law firm Allen & Overy, also found that 82 per cent of those polled are against compulsory quotas to appoint women to boards.