Directors back increased regulation

SEVENTY percent of directors agree that increased regulation is the only way that corporate governance standards can be improved, a study has shown.

According to research conducted among members of the Institute of Directors in Ireland (IoD), almost half (48%) of directors in multinationals believe that increased regulation is needed to improve corporate governance standards, with more than two-thirds (68%) of directors in the financial services sector agreeing.

The research also found that while the majority (60%) of directors claim they had adequate training when they took up their post, three in five (59%) said they need to undergo further training to carry out their role.