Walker Review of corporate governance

Professor G A Walker, Centre for Commercial Law Studies, London

Sir David Walker was asked by the UK Prime Minister Gordon Brown in February 2009 to examine corporate governance in the UK banking industry and make recommendations for its reform[1]. The Report was issued on 16 July 2009[2]. The Report does not attempt to explain the crisis although it notes that the fact that a number of institutions in almost identical circumstances performed with widely varying results must have meant an important factor was the manner in which they were managed.