Unmoved, he places far less emphasis on compliance with the letter of his recommendations, and of the earlier Cadbury and Greenbury reports, than on firms' need to explain how they apply the principles in practice and to account for any discrepancies.
Under a voluntary "peer review" scheme, AU members are expected to ensure that each other's governments adhere to democratic principles and sound economic practice.
It might seem churlish to single out Barclays for this criticism, especially since I know that virtually all the other major banking institutions involved in money-laundering, LIBOR manipulation and all the other unethical and illegal activity over the past five years, have similar codes or principles of best practice in place and claim to link them to remuneration.
FORBES: Is Barclays Going To Put Its Money Where Its Mouth Is On Performance Incentives?
There were visits to old allies, where not much different is happening, but no visits to countries that are newly putting into practice the principles of democracy and free enterprise that Mr Romney talks about.
It would appear that Senator Lugar is going to such lengths in defiance of traditional Senate practice and good governance principles for a simple reason: As a veteran of a number of scarring legislative battles over defective accords, he must recognize that this Law of the Sea treaty cannot stand the light of day.
Chen said that Romney believes China must obey the principles of free trade and put an end to its practice of manipulating the value of the yuan, erecting trade barriers against foreign companies and enabling Chinese enterprises to steal intellectual property to the detriment of American industries.
Their high standard and quality of journalism is a credit to the media industry and provides a wonderful example of best practice principles for the rest of the industry.
But in the midst of a tetchy discussion, one voice did defend the Western understanding of democracy and civil liberty, and indeed the compatibility of those principles with the devout practice of Islam.
It confirms the relevance of the 2001 Declaration and the necessity of ensuring that its principles are put into practice.
Merck spokeswoman Gwen Fisher said Merck is confident that Medco's practice is in accordance with Generally Accepted Accounting Principles, and added that the company did not want to make any further comment because it is in a quiet period preceding the Medco IPO.
Both of these principles are at odds with the American practice of civil-military relations, and with the historical record.
Britain has also started to put these principles into practice, by pledging to buy aircraft-carriers, giant transport aircraft, and sophisticated air-to-ground surveillance systems.
It took me nearly 20 years to write the book because it took my father 10 years to tell me the stories and teach me the principles of my own immigrant values and historical past, and another 10 years to put them into practice so that I could refine them and design the methodology.
FORBES: Transformational Changes Push Leaders to Embrace The Immigrant Mentality
When it became increasingly difficult to work according to my principles, I closed my practice, first joining a "prepaid" group for 15 years, and then leaving patient care altogether.
They will also endorse a high level declaration of principles around open government, which is voluntary and non-binding, and will express our commitment to exemplifying best practice on transparency, accountability and civic engagement.
FORBES: Open Government Partnership: An Interview with Maria Otero, Under Secretary of State
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