May convinces MPs that Brexit requires strong and ignorant leadership | John Crace | Politics | The Guardian

Here’s a recommended political sketch from John Crace in the Guardian. He observes that as the Commons prepared to vote on her call for a snap election, all the democratic dissent was getting on the PM’s nerves.

Source: May convinces MPs that Brexit requires strong and ignorant leadership | John Crace | Politics | The Guardian

May is the clear favorite but horses fall at hurdles. Recognizing that Labour is in implosion and there is little chance of a non-Tory government, the Guardian and the left-wing media will look for dirt, starting with May’s dictatorial style, for example, comparing her to Erdogan in yesterday’s editorial.

Thoughts?

British business must act on corporate governance – News from Parliament – UK Parliament

Read first-hand the report of the UK parliamentary Business, Energy and Industrial Strategy Committee report which says business must act to address lack of trust.

Source: British business must act on corporate governance – News from Parliament – UK Parliament

I remember from my sabbatical when I completed an applied doctorate in business administration that there was a rich research literature on corporate governance, both in terms of theory and empirical analysis.

For a parliamentary select committee to say that business must act is a cop out.

Corporate governance does not improve in the UK because there are powerful vested interested in play protecting the status-quo.

Part of the problem is that the UK does not have a written constitution, unlikes the US and Germany. In both the US and Germany, corporate governance has some serious teeth and executives live in real fear of intervention.

Despite the drum-beating of Brexiteers, the UK is strategically weak and corporate governance is one of the cornerstones of weakness. The City is still a closed shop with interlocking directorships.

But nothing will change with a Conservative Government in power who pander to their chums.

Perhaps, it will take a new centrist party inspired by the UK’s Macron?