Philip Green Philip Green Sir Philip Nigel Ross Green (born 15 March 1952) is a British billionaire businessman, and the chairman of Arcadia Group, a retail company that includes Topshop, Topman, Wallis, Evans, Burton, Miss Selfridge, Dorothy Perkins and Outfit. The now-defunct BHS chain was also part of the group. Green has been involved in a number of controversies throughout his professional career, including his actions prior to the demise of BHS. In October 2016, the House of Commons approved a measure to ask the Honours Forfeiture Committee to strip Green of his knighthood for his role in the downfall of BHS.
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