FT.com / Companies / UK companies - Companies demand boardroom code shake-up.

The UK’s biggest companies are pushing for a reworking of the code of best practice for British boardrooms to allow more flexibility to opt out of its guidelines.

Markes & Spencer and British Airways and SAB Miller are among the companies urging changes.

And you thought we were heading for tougher regulation? Good heaven's no: the chums still want to work with and be regulated by their chums. And they want to then have it endorsed as being good for us.