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The corporate governance framework, Comply or explain rule: Requirement…

- - - - The challenges faced by companies under the purview of the regulation are substantially similar, justifying a common approach to common problems
      - The rules and their enforcement efficiently and effectively direct, modify or preclude the behaviours they are aimed at affecting
  - - - Laws: company, insolvency, directors disqualification and disclosure of directors remuneration
      - Regulations: listing authority rules, such as UK Listing Rules and Disclosure and Transparency Rules
      - Standards: International Financial Reporting Standards
      - Voluntary codes of best practice: UK Corporate Governance Code, Good Governance: A Code for the Voluntary and Community Sector