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The Voluntary Code of Good Governance for the Sport and Recreation Sector which is endorsed by the UK government recommends a maximum of ten people on each board and at least two independent non-executive directors.
We would look instead to route money for grassroots football to other organisations that will adhere to the code of good governance".
Mr Sarkozy threatened to legislate to enforce these, but he has since accepted a form of self-regulation in the shape of a code of good governance for companies.Charitable observers would call Mr Sarkozy's approach pragmatic.
"Lots of the calls we get from trustees are about board relationships in one way or another," says Cath Lee, chief executive of Charity Trustee Networks (CTN), who advises boards to follow guidance such as the Code of Good Governance 2010 when in difficulty.
"We consider that Robert Gordon University has not adhered to the 2017 Code of Good Governance in this process". The UCU also questioned whether the appointment was in line with the government's policy of promoting equal opportunities.
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Therefore, it seems that the formation of ACs dominated by independent members, as recommended in most codes of good governance, is not a sufficient safeguard of the reliability of financial information issued by Spanish listed companies.
These figures are very similar to those provided by Ruiz Barbadillo et al. (2007) for the Spanish market and show that, in accordance with most codes of good governance, our sample firms form their ACs mostly from external directors, the majority of which are independent.
This result is coherent with those obtained previously by Archambeault and DeZoort (2001), Xie et al. (2003), Abbott et al. (2004), O'Sullivan et al. (2008), Ghosh et al. (2010) and Li et al. (2002) and supports the recommendations of a minimum annual meeting frequency requirement proposed in different codes of good governance.
Promises of good governance are not enough.
What prevents these, he says, is "lack of good governance".
Local accountability is also a vital part of good governance.
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