Conformers are top performers.

PositionFirst in ...: All the latest news affecting accountants in business, including regulations updates - Brief article

Firms with the best corporate governance records are producing returns 18 per cent higher than those with poor records, according to research by the Association of British Insurers (ABI).

The study, which examined 654 FTSE All-Share companies in 2003-07, revealed that a breach of governance best practice reduced a business's industry-adjusted return on assets (ROA) by an average of one percentage point a year.

The research also showed that shareholders who invested in a poorly governed company achieved lower returns. An investment of 100 [pounds sterling] in a company with...

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