News: Business Round Up

July 1999
Accountancy;Jul99, Vol. 124 Issue 1271, p20
Trade Publication
A recent report by the Cranfield School of Management, commissioned by 3i and Sanders & Sidney, which looks at the challenges of leadership, has shown that the tougher it is at the top, the shorter the tenure of a CEO. The Life and Times of the CEO, which involved CEOs from Great Britain's largest 350 quoted companies and the largest 100 unquoted companies, looked into the role of CEOs and the pressures they face. This article emphasizes that European businesses will learn the importance of good corporate governance if a new forum created by the Organisation for Economic Co-operation & Development (OECD) and the World Bank has any say in the matter. The Global Corporate Governance Forum will be launched in September 1999. Britain's small businesses are learning from the last recession and are maintaining good relationships with their sources of finance, according to a new report. The Small Firms survey by Alex Lawrie and the British Chambers of Commerce showed that the relationship between small firms and their finance providers - in particular banks - has improved considerably since the recession in the early 90s. The survey included 663 firms, and 87% of respondents claimed their banks were supportive of their business. Only 10% reported a deterioration in their relationships with banks. 78% of the small businesses said they were satisfied with the range of external finance advice available to them, although 87% said they believed the government should be doing more to help them gain finance for their businesses.


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