Could Geithner be right on UK's 'light touch' regulation?

Comment: The UK's corporate governance regime has been lauded overseas, but events this week show that a 'comply or explain' regime leaves a power vacuum

Two resignations in as many days at Eurasian Natural Resources Corporation, better known as ENRC, a mining company in the FTSE 100, has shown up a weakness in the UK's much-vaunted corporate governance system.

Fittingly, they come just after the country's previous "light touch" approach to regulation was criticised by the US Treasury Secretary, Timothy Geithner.

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