UK Uncut originally found liable for £6 billion, but negotiated the amount to be paid down to under £2 billion. However, the National Audit Office said that the settlement represented reasonable value for the British taxpayer. The Arcadia Group's shops including Topshop, BHS, and Burton have been targeted as the group is owned by Tina Green, the wife of Sir Phillip Green. Tina Green is a resident of Monaco and was able to receive a dividend of £1.2bn from the group free of UK income tax in 2005. Boots was targeted on 30 January 2011 as the protesters claimed it avoided UK
UK Corporate Governance Code accountability is meant to be through the market, rather than through law. An additional reason for a Code, was the original concern of the Cadbury Report, that companies faced with minimum standards in law would comply merely with the letter and not the spirit of the rules. The Financial Services Authority has recently proposed to abandon a requirement to state compliance with the principles (under LR 9.8.6(5)), rather than the rules in detail themselves. UK Corporate Governance Code The UK Corporate Governance code (from here on referred to as "the Code") is a part of UK company law with a