id	sid	tid	token	lemma	pos
fbem-28356	1	1	frontiers	frontier	NOUN
fbem-28356	1	2	in	in	ADP
fbem-28356	1	3	business	business	NOUN
fbem-28356	1	4	,	,	PUNCT
fbem-28356	1	5	economics	economic	NOUN
fbem-28356	1	6	and	and	CCONJ
fbem-28356	1	7	management	management	NOUN
fbem-28356	1	8	issn	issn	PROPN
fbem-28356	1	9	:	:	PUNCT
fbem-28356	1	10	2766	2766	NUM
fbem-28356	1	11	-	-	PUNCT
fbem-28356	1	12	824x	824x	NUM
fbem-28356	1	13	|	|	ADJ
fbem-28356	1	14	vol	vol	NOUN
fbem-28356	1	15	.	.	PROPN
fbem-28356	1	16	17	17	NUM
fbem-28356	1	17	,	,	PUNCT
fbem-28356	1	18	no	no	INTJ
fbem-28356	1	19	.	.	NOUN
fbem-28356	1	20	3	3	NUM
fbem-28356	1	21	,	,	PUNCT
fbem-28356	1	22	2024	2024	NUM
fbem-28356	1	23	283	283	NUM
fbem-28356	1	24	enhancing	enhance	VERB
fbem-28356	1	25	managerial	managerial	ADJ
fbem-28356	1	26	accountability	accountability	NOUN
fbem-28356	1	27	:	:	PUNCT
fbem-28356	1	28	an	an	DET
fbem-28356	1	29	analysis	analysis	NOUN
fbem-28356	1	30	of	of	ADP
fbem-28356	1	31	the	the	DET
fbem-28356	1	32	uk	uk	PROPN
fbem-28356	1	33	corporate	corporate	ADJ
fbem-28356	1	34	governance	governance	NOUN
fbem-28356	1	35	code	code	NOUN
fbem-28356	1	36	(	(	PUNCT
fbem-28356	1	37	2018	2018	NUM
fbem-28356	1	38	)	)	PUNCT
fbem-28356	1	39	junyu	junyu	PROPN
fbem-28356	1	40	ma	ma	PROPN
fbem-28356	1	41	university	university	PROPN
fbem-28356	1	42	of	of	ADP
fbem-28356	1	43	glasgow	glasgow	PROPN
fbem-28356	1	44	,	,	PUNCT
fbem-28356	1	45	glasgow	glasgow	PROPN
fbem-28356	1	46	,	,	PUNCT
fbem-28356	1	47	scotland	scotland	PROPN
fbem-28356	1	48	,	,	PUNCT
fbem-28356	1	49	united	united	ADJ
fbem-28356	1	50	kingdom	kingdom	PROPN
fbem-28356	1	51	abstract	abstract	PROPN
fbem-28356	1	52	:	:	PUNCT
fbem-28356	1	53	this	this	DET
fbem-28356	1	54	article	article	NOUN
fbem-28356	1	55	examines	examine	VERB
fbem-28356	1	56	the	the	DET
fbem-28356	1	57	impact	impact	NOUN
fbem-28356	1	58	of	of	ADP
fbem-28356	1	59	the	the	DET
fbem-28356	1	60	uk	uk	PROPN
fbem-28356	1	61	corporate	corporate	ADJ
fbem-28356	1	62	governance	governance	NOUN
fbem-28356	1	63	code	code	NOUN
fbem-28356	1	64	(	(	PUNCT
fbem-28356	1	65	2018	2018	NUM
fbem-28356	1	66	)	)	PUNCT
fbem-28356	1	67	on	on	ADP
fbem-28356	1	68	managerial	managerial	ADJ
fbem-28356	1	69	accountability	accountability	NOUN
fbem-28356	1	70	,	,	PUNCT
fbem-28356	1	71	focusing	focus	VERB
fbem-28356	1	72	on	on	ADP
fbem-28356	1	73	its	its	PRON
fbem-28356	1	74	provisions	provision	NOUN
fbem-28356	1	75	for	for	ADP
fbem-28356	1	76	transparency	transparency	NOUN
fbem-28356	1	77	and	and	CCONJ
fbem-28356	1	78	the	the	DET
fbem-28356	1	79	"	"	PUNCT
fbem-28356	1	80	comply	comply	NOUN
fbem-28356	1	81	or	or	CCONJ
fbem-28356	1	82	explain	explain	VERB
fbem-28356	1	83	"	"	PUNCT
fbem-28356	1	84	principle	principle	NOUN
fbem-28356	1	85	.	.	PUNCT
fbem-28356	2	1	it	it	PRON
fbem-28356	2	2	evaluates	evaluate	VERB
fbem-28356	2	3	the	the	DET
fbem-28356	2	4	code	code	NOUN
fbem-28356	2	5	's	's	PART
fbem-28356	2	6	strengths	strength	NOUN
fbem-28356	2	7	,	,	PUNCT
fbem-28356	2	8	includi	includi	PROPN
fbem-28356	2	9	ng	ng	PROPN
fbem-28356	2	10	fostering	foster	VERB
fbem-28356	2	11	stakeholder	stakeholder	NOUN
fbem-28356	2	12	trust	trust	NOUN
fbem-28356	2	13	and	and	CCONJ
fbem-28356	2	14	encouraging	encourage	VERB
fbem-28356	2	15	ethical	ethical	ADJ
fbem-28356	2	16	governance	governance	NOUN
fbem-28356	2	17	,	,	PUNCT
fbem-28356	2	18	while	while	SCONJ
fbem-28356	2	19	addressing	address	VERB
fbem-28356	2	20	key	key	ADJ
fbem-28356	2	21	criticisms	criticism	NOUN
fbem-28356	2	22	such	such	ADJ
fbem-28356	2	23	as	as	ADP
fbem-28356	2	24	rising	rise	VERB
fbem-28356	2	25	compliance	compliance	NOUN
fbem-28356	2	26	costs	cost	NOUN
fbem-28356	2	27	and	and	CCONJ
fbem-28356	2	28	the	the	DET
fbem-28356	2	29	limitations	limitation	NOUN
fbem-28356	2	30	of	of	ADP
fbem-28356	2	31	its	its	PRON
fbem-28356	2	32	voluntary	voluntary	ADJ
fbem-28356	2	33	framework	framework	NOUN
fbem-28356	2	34	.	.	PUNCT
fbem-28356	3	1	the	the	DET
fbem-28356	3	2	discussion	discussion	NOUN
fbem-28356	3	3	highlights	highlight	VERB
fbem-28356	3	4	the	the	DET
fbem-28356	3	5	evolving	evolve	VERB
fbem-28356	3	6	role	role	NOUN
fbem-28356	3	7	of	of	ADP
fbem-28356	3	8	corporate	corporate	ADJ
fbem-28356	3	9	governance	governance	NOUN
fbem-28356	3	10	in	in	ADP
fbem-28356	3	11	the	the	DET
fbem-28356	3	12	context	context	NOUN
fbem-28356	3	13	of	of	ADP
fbem-28356	3	14	global	global	ADJ
fbem-28356	3	15	economic	economic	ADJ
fbem-28356	3	16	changes	change	NOUN
fbem-28356	3	17	and	and	CCONJ
fbem-28356	3	18	increasing	increase	VERB
fbem-28356	3	19	environmental	environmental	ADJ
fbem-28356	3	20	,	,	PUNCT
fbem-28356	3	21	social	social	ADJ
fbem-28356	3	22	,	,	PUNCT
fbem-28356	3	23	and	and	CCONJ
fbem-28356	3	24	governance	governance	NOUN
fbem-28356	3	25	(	(	PUNCT
fbem-28356	3	26	esg	esg	NOUN
fbem-28356	3	27	)	)	PUNCT
fbem-28356	3	28	expectations	expectation	NOUN
fbem-28356	3	29	.	.	PUNCT
fbem-28356	4	1	the	the	DET
fbem-28356	4	2	article	article	NOUN
fbem-28356	4	3	concludes	conclude	VERB
fbem-28356	4	4	that	that	SCONJ
fbem-28356	4	5	while	while	SCONJ
fbem-28356	4	6	the	the	DET
fbem-28356	4	7	code	code	NOUN
fbem-28356	4	8	has	have	VERB
fbem-28356	4	9	significantly	significantly	ADV
fbem-28356	4	10	advanced	advance	VERB
fbem-28356	4	11	managerial	managerial	ADJ
fbem-28356	4	12	accountability	accountability	NOUN
fbem-28356	4	13	,	,	PUNCT
fbem-28356	4	14	its	its	PRON
fbem-28356	4	15	future	future	ADJ
fbem-28356	4	16	success	success	NOUN
fbem-28356	4	17	depends	depend	VERB
fbem-28356	4	18	on	on	ADP
fbem-28356	4	19	its	its	PRON
fbem-28356	4	20	adaptability	adaptability	NOUN
fbem-28356	4	21	to	to	ADP
fbem-28356	4	22	emerging	emerge	VERB
fbem-28356	4	23	challenges	challenge	NOUN
fbem-28356	4	24	and	and	CCONJ
fbem-28356	4	25	its	its	PRON
fbem-28356	4	26	ability	ability	NOUN
fbem-28356	4	27	to	to	PART
fbem-28356	4	28	strike	strike	VERB
fbem-28356	4	29	a	a	DET
fbem-28356	4	30	balance	balance	NOUN
fbem-28356	4	31	between	between	ADP
fbem-28356	4	32	flexibility	flexibility	NOUN
fbem-28356	4	33	and	and	CCONJ
fbem-28356	4	34	enforceability	enforceability	NOUN
fbem-28356	4	35	.	.	PUNCT
fbem-28356	5	1	keywords	keyword	NOUN
fbem-28356	5	2	:	:	PUNCT
fbem-28356	5	3	corporate	corporate	ADJ
fbem-28356	5	4	governance	governance	NOUN
fbem-28356	5	5	,	,	PUNCT
fbem-28356	5	6	managerial	managerial	ADJ
fbem-28356	5	7	accountability	accountability	NOUN
fbem-28356	5	8	,	,	PUNCT
fbem-28356	5	9	uk	uk	PROPN
fbem-28356	5	10	corporate	corporate	ADJ
fbem-28356	5	11	governance	governance	NOUN
fbem-28356	5	12	code	code	NOUN
fbem-28356	5	13	.	.	PUNCT
fbem-28356	6	1	1	1	X
fbem-28356	6	2	.	.	X
fbem-28356	6	3	introduction	introduction	NOUN
fbem-28356	6	4	:	:	PUNCT
fbem-28356	6	5	the	the	DET
fbem-28356	6	6	role	role	NOUN
fbem-28356	6	7	of	of	ADP
fbem-28356	6	8	managerial	managerial	ADJ
fbem-28356	6	9	accountability	accountability	NOUN
fbem-28356	6	10	in	in	ADP
fbem-28356	6	11	corporate	corporate	ADJ
fbem-28356	6	12	governance	governance	NOUN
fbem-28356	6	13	accountability	accountability	NOUN
fbem-28356	6	14	is	be	AUX
fbem-28356	6	15	an	an	DET
fbem-28356	6	16	essential	essential	ADJ
fbem-28356	6	17	part	part	NOUN
fbem-28356	6	18	of	of	ADP
fbem-28356	6	19	many	many	ADJ
fbem-28356	6	20	governance	governance	NOUN
fbem-28356	6	21	frameworks	framework	NOUN
fbem-28356	6	22	,	,	PUNCT
fbem-28356	6	23	and	and	CCONJ
fbem-28356	6	24	corporate	corporate	ADJ
fbem-28356	6	25	governance	governance	NOUN
fbem-28356	6	26	is	be	AUX
fbem-28356	6	27	no	no	DET
fbem-28356	6	28	exception	exception	NOUN
fbem-28356	6	29	.	.	PUNCT
fbem-28356	7	1	it	it	PRON
fbem-28356	7	2	plays	play	VERB
fbem-28356	7	3	a	a	DET
fbem-28356	7	4	crucial	crucial	ADJ
fbem-28356	7	5	role	role	NOUN
fbem-28356	7	6	in	in	ADP
fbem-28356	7	7	ensuring	ensure	VERB
fbem-28356	7	8	that	that	SCONJ
fbem-28356	7	9	the	the	DET
fbem-28356	7	10	actions	action	NOUN
fbem-28356	7	11	of	of	ADP
fbem-28356	7	12	boards	board	NOUN
fbem-28356	7	13	and	and	CCONJ
fbem-28356	7	14	executives	executive	NOUN
fbem-28356	7	15	align	align	VERB
fbem-28356	7	16	with	with	ADP
fbem-28356	7	17	the	the	DET
fbem-28356	7	18	interests	interest	NOUN
fbem-28356	7	19	of	of	ADP
fbem-28356	7	20	shareholders	shareholder	NOUN
fbem-28356	7	21	and	and	CCONJ
fbem-28356	7	22	broader	broad	ADJ
fbem-28356	7	23	stakeholder	stakeholder	NOUN
fbem-28356	7	24	groups	group	NOUN
fbem-28356	7	25	.	.	PUNCT
fbem-28356	8	1	in	in	ADP
fbem-28356	8	2	the	the	DET
fbem-28356	8	3	area	area	NOUN
fbem-28356	8	4	of	of	ADP
fbem-28356	8	5	corporate	corporate	ADJ
fbem-28356	8	6	governance	governance	NOUN
fbem-28356	8	7	,	,	PUNCT
fbem-28356	8	8	accountability	accountability	NOUN
fbem-28356	8	9	may	may	AUX
fbem-28356	8	10	relate	relate	VERB
fbem-28356	8	11	to	to	ADP
fbem-28356	8	12	a	a	DET
fbem-28356	8	13	company	company	NOUN
fbem-28356	8	14	’s	’s	PART
fbem-28356	8	15	responsibility	responsibility	NOUN
fbem-28356	8	16	to	to	ADP
fbem-28356	8	17	society	society	NOUN
fbem-28356	8	18	or	or	CCONJ
fbem-28356	8	19	other	other	ADJ
fbem-28356	8	20	stakeholders	stakeholder	NOUN
fbem-28356	8	21	,	,	PUNCT
fbem-28356	8	22	or	or	CCONJ
fbem-28356	8	23	to	to	ADP
fbem-28356	8	24	a	a	DET
fbem-28356	8	25	manager	manager	NOUN
fbem-28356	8	26	’s	’s	PART
fbem-28356	8	27	responsibility	responsibility	NOUN
fbem-28356	8	28	to	to	ADP
fbem-28356	8	29	the	the	DET
fbem-28356	8	30	board	board	NOUN
fbem-28356	8	31	of	of	ADP
fbem-28356	8	32	directors	director	NOUN
fbem-28356	8	33	.	.	PUNCT
fbem-28356	9	1	however	however	ADV
fbem-28356	9	2	,	,	PUNCT
fbem-28356	9	3	the	the	DET
fbem-28356	9	4	primary	primary	ADJ
fbem-28356	9	5	focus	focus	NOUN
fbem-28356	9	6	of	of	ADP
fbem-28356	9	7	corporate	corporate	ADJ
fbem-28356	9	8	governance	governance	NOUN
fbem-28356	9	9	is	be	AUX
fbem-28356	9	10	on	on	ADP
fbem-28356	9	11	the	the	DET
fbem-28356	9	12	accountability	accountability	NOUN
fbem-28356	9	13	of	of	ADP
fbem-28356	9	14	the	the	DET
fbem-28356	9	15	board	board	NOUN
fbem-28356	9	16	of	of	ADP
fbem-28356	9	17	directors	director	NOUN
fbem-28356	9	18	of	of	ADP
fbem-28356	9	19	a	a	DET
fbem-28356	9	20	company	company	NOUN
fbem-28356	9	21	to	to	ADP
fbem-28356	9	22	its	its	PRON
fbem-28356	9	23	shareholders	shareholder	NOUN
fbem-28356	9	24	.	.	PUNCT
fbem-28356	10	1	the	the	DET
fbem-28356	10	2	organisation	organisation	NOUN
fbem-28356	10	3	for	for	ADP
fbem-28356	10	4	economic	economic	ADJ
fbem-28356	10	5	co	co	NOUN
fbem-28356	10	6	-	-	NOUN
fbem-28356	10	7	operation	operation	NOUN
fbem-28356	10	8	and	and	CCONJ
fbem-28356	10	9	development	development	NOUN
fbem-28356	10	10	(	(	PUNCT
fbem-28356	10	11	oecd	oecd	PROPN
fbem-28356	10	12	)	)	PUNCT
fbem-28356	10	13	defines	define	VERB
fbem-28356	10	14	corporate	corporate	ADJ
fbem-28356	10	15	governance	governance	NOUN
fbem-28356	10	16	as	as	ADP
fbem-28356	10	17	a	a	DET
fbem-28356	10	18	framework	framework	NOUN
fbem-28356	10	19	that	that	PRON
fbem-28356	10	20	ensures	ensure	VERB
fbem-28356	10	21	strategic	strategic	ADJ
fbem-28356	10	22	guidance	guidance	NOUN
fbem-28356	10	23	,	,	PUNCT
fbem-28356	10	24	enables	enable	VERB
fbem-28356	10	25	efficient	efficient	ADJ
fbem-28356	10	26	managerial	managerial	ADJ
fbem-28356	10	27	oversight	oversight	NOUN
fbem-28356	10	28	,	,	PUNCT
fbem-28356	10	29	and	and	CCONJ
fbem-28356	10	30	establishes	establish	VERB
fbem-28356	10	31	the	the	DET
fbem-28356	10	32	board	board	NOUN
fbem-28356	10	33	's	's	PART
fbem-28356	10	34	accountability	accountability	NOUN
fbem-28356	10	35	to	to	ADP
fbem-28356	10	36	both	both	CCONJ
fbem-28356	10	37	the	the	DET
fbem-28356	10	38	company	company	NOUN
fbem-28356	10	39	and	and	CCONJ
fbem-28356	10	40	its	its	PRON
fbem-28356	10	41	shareholders	shareholder	NOUN
fbem-28356	10	42	.	.	PUNCT
fbem-28356	11	1	these	these	DET
fbem-28356	11	2	principles	principle	NOUN
fbem-28356	11	3	form	form	VERB
fbem-28356	11	4	the	the	DET
fbem-28356	11	5	foundation	foundation	NOUN
fbem-28356	11	6	for	for	ADP
fbem-28356	11	7	the	the	DET
fbem-28356	11	8	uk	uk	PROPN
fbem-28356	11	9	corporate	corporate	ADJ
fbem-28356	11	10	governance	governance	NOUN
fbem-28356	11	11	code	code	NOUN
fbem-28356	11	12	(	(	PUNCT
fbem-28356	11	13	2018	2018	NUM
fbem-28356	11	14	)	)	PUNCT
fbem-28356	11	15	(	(	PUNCT
fbem-28356	11	16	the	the	DET
fbem-28356	11	17	code	code	NOUN
fbem-28356	11	18	)	)	PUNCT
fbem-28356	11	19	,	,	PUNCT
fbem-28356	11	20	which	which	PRON
fbem-28356	11	21	introduces	introduce	VERB
fbem-28356	11	22	a	a	DET
fbem-28356	11	23	robust	robust	ADJ
fbem-28356	11	24	set	set	NOUN
fbem-28356	11	25	of	of	ADP
fbem-28356	11	26	provisions	provision	NOUN
fbem-28356	11	27	to	to	PART
fbem-28356	11	28	enhance	enhance	VERB
fbem-28356	11	29	managerial	managerial	ADJ
fbem-28356	11	30	accountability	accountability	NOUN
fbem-28356	11	31	.	.	PUNCT
fbem-28356	12	1	by	by	ADP
fbem-28356	12	2	articulating	articulate	VERB
fbem-28356	12	3	clear	clear	ADJ
fbem-28356	12	4	principles	principle	NOUN
fbem-28356	12	5	and	and	CCONJ
fbem-28356	12	6	duties	duty	NOUN
fbem-28356	12	7	for	for	ADP
fbem-28356	12	8	chairs	chair	NOUN
fbem-28356	12	9	,	,	PUNCT
fbem-28356	12	10	directors	director	NOUN
fbem-28356	12	11	,	,	PUNCT
fbem-28356	12	12	and	and	CCONJ
fbem-28356	12	13	boards	board	NOUN
fbem-28356	12	14	,	,	PUNCT
fbem-28356	12	15	the	the	DET
fbem-28356	12	16	code	code	NOUN
fbem-28356	12	17	seeks	seek	VERB
fbem-28356	12	18	to	to	PART
fbem-28356	12	19	refine	refine	VERB
fbem-28356	12	20	governance	governance	NOUN
fbem-28356	12	21	practices	practice	NOUN
fbem-28356	12	22	and	and	CCONJ
fbem-28356	12	23	foster	foster	ADJ
fbem-28356	12	24	transparency	transparency	NOUN
fbem-28356	12	25	,	,	PUNCT
fbem-28356	12	26	oversight	oversight	NOUN
fbem-28356	12	27	,	,	PUNCT
fbem-28356	12	28	and	and	CCONJ
fbem-28356	12	29	ethical	ethical	ADJ
fbem-28356	12	30	decision	decision	NOUN
fbem-28356	12	31	-	-	PUNCT
fbem-28356	12	32	making	making	NOUN
fbem-28356	12	33	.	.	PUNCT
fbem-28356	13	1	this	this	DET
fbem-28356	13	2	article	article	NOUN
fbem-28356	13	3	attempts	attempt	VERB
fbem-28356	13	4	to	to	PART
fbem-28356	13	5	examine	examine	VERB
fbem-28356	13	6	the	the	DET
fbem-28356	13	7	ways	way	NOUN
fbem-28356	13	8	in	in	ADP
fbem-28356	13	9	which	which	PRON
fbem-28356	13	10	the	the	DET
fbem-28356	13	11	uk	uk	PROPN
fbem-28356	13	12	corporate	corporate	ADJ
fbem-28356	13	13	governance	governance	NOUN
fbem-28356	13	14	code	code	NOUN
fbem-28356	13	15	(	(	PUNCT
fbem-28356	13	16	2018	2018	NUM
fbem-28356	13	17	)	)	PUNCT
fbem-28356	13	18	enhances	enhance	VERB
fbem-28356	13	19	managerial	managerial	ADJ
fbem-28356	13	20	accountability	accountability	NOUN
fbem-28356	13	21	by	by	ADP
fbem-28356	13	22	evaluating	evaluate	VERB
fbem-28356	13	23	its	its	PRON
fbem-28356	13	24	key	key	ADJ
fbem-28356	13	25	provisions	provision	NOUN
fbem-28356	13	26	and	and	CCONJ
fbem-28356	13	27	principles	principle	NOUN
fbem-28356	13	28	.	.	PUNCT
fbem-28356	14	1	furthermore	furthermore	ADV
fbem-28356	14	2	,	,	PUNCT
fbem-28356	14	3	it	it	PRON
fbem-28356	14	4	critically	critically	ADV
fbem-28356	14	5	analyses	analyse	VERB
fbem-28356	14	6	the	the	DET
fbem-28356	14	7	potential	potential	NOUN
fbem-28356	14	8	of	of	ADP
fbem-28356	14	9	the	the	DET
fbem-28356	14	10	code	code	NOUN
fbem-28356	14	11	to	to	PART
fbem-28356	14	12	deliver	deliver	VERB
fbem-28356	14	13	long	long	ADJ
fbem-28356	14	14	-	-	PUNCT
fbem-28356	14	15	term	term	NOUN
fbem-28356	14	16	benefits	benefit	NOUN
fbem-28356	14	17	to	to	ADP
fbem-28356	14	18	companies	company	NOUN
fbem-28356	14	19	,	,	PUNCT
fbem-28356	14	20	shareholders	shareholder	NOUN
fbem-28356	14	21	,	,	PUNCT
fbem-28356	14	22	and	and	CCONJ
fbem-28356	14	23	stakeholders	stakeholder	NOUN
fbem-28356	14	24	.	.	PUNCT
fbem-28356	15	1	the	the	DET
fbem-28356	15	2	discussion	discussion	NOUN
fbem-28356	15	3	aims	aim	VERB
fbem-28356	15	4	to	to	PART
fbem-28356	15	5	not	not	PART
fbem-28356	15	6	only	only	ADV
fbem-28356	15	7	unpack	unpack	VERB
fbem-28356	15	8	the	the	DET
fbem-28356	15	9	code	code	NOUN
fbem-28356	15	10	’s	’s	PART
fbem-28356	15	11	current	current	ADJ
fbem-28356	15	12	impact	impact	NOUN
fbem-28356	15	13	but	but	CCONJ
fbem-28356	15	14	also	also	ADV
fbem-28356	15	15	assess	assess	VERB
fbem-28356	15	16	its	its	PRON
fbem-28356	15	17	adaptability	adaptability	NOUN
fbem-28356	15	18	and	and	CCONJ
fbem-28356	15	19	effectiveness	effectiveness	NOUN
fbem-28356	15	20	in	in	ADP
fbem-28356	15	21	the	the	DET
fbem-28356	15	22	evolving	evolve	VERB
fbem-28356	15	23	corporate	corporate	ADJ
fbem-28356	15	24	environment	environment	NOUN
fbem-28356	15	25	.	.	PUNCT
fbem-28356	16	1	2	2	X
fbem-28356	16	2	.	.	X
fbem-28356	16	3	enhancing	enhance	VERB
fbem-28356	16	4	managerial	managerial	ADJ
fbem-28356	16	5	accountability	accountability	NOUN
fbem-28356	16	6	in	in	ADP
fbem-28356	16	7	corporate	corporate	ADJ
fbem-28356	16	8	governance	governance	NOUN
fbem-28356	16	9	accountability	accountability	NOUN
fbem-28356	16	10	in	in	ADP
fbem-28356	16	11	corporate	corporate	ADJ
fbem-28356	16	12	governance	governance	NOUN
fbem-28356	16	13	manifests	manifest	NOUN
fbem-28356	16	14	through	through	ADP
fbem-28356	16	15	several	several	ADJ
fbem-28356	16	16	key	key	ADJ
fbem-28356	16	17	mechanisms	mechanism	NOUN
fbem-28356	16	18	the	the	PRON
fbem-28356	16	19	ensure	ensure	VERB
fbem-28356	16	20	transparency	transparency	NOUN
fbem-28356	16	21	,	,	PUNCT
fbem-28356	16	22	responsibility	responsibility	NOUN
fbem-28356	16	23	,	,	PUNCT
fbem-28356	16	24	and	and	CCONJ
fbem-28356	16	25	ethical	ethical	ADJ
fbem-28356	16	26	conduct	conduct	NOUN
fbem-28356	16	27	within	within	ADP
fbem-28356	16	28	an	an	DET
fbem-28356	16	29	organization	organization	NOUN
fbem-28356	16	30	.	.	PUNCT
fbem-28356	17	1	the	the	DET
fbem-28356	17	2	code	code	NOUN
fbem-28356	17	3	emphasizes	emphasize	VERB
fbem-28356	17	4	two	two	NUM
fbem-28356	17	5	critical	critical	ADJ
fbem-28356	17	6	aspects	aspect	NOUN
fbem-28356	17	7	of	of	ADP
fbem-28356	17	8	accountability	accountability	NOUN
fbem-28356	17	9	:	:	PUNCT
fbem-28356	17	10	transparency	transparency	NOUN
fbem-28356	17	11	through	through	ADP
fbem-28356	17	12	disclosure	disclosure	NOUN
fbem-28356	17	13	and	and	CCONJ
fbem-28356	17	14	the	the	DET
fbem-28356	17	15	“	"	PUNCT
fbem-28356	17	16	comply	comply	VERB
fbem-28356	17	17	or	or	CCONJ
fbem-28356	17	18	explain	explain	VERB
fbem-28356	17	19	”	"	PUNCT
fbem-28356	17	20	principle	principle	NOUN
fbem-28356	17	21	.	.	PUNCT
fbem-28356	18	1	these	these	DET
fbem-28356	18	2	mechanisms	mechanism	NOUN
fbem-28356	18	3	serve	serve	VERB
fbem-28356	18	4	as	as	ADP
fbem-28356	18	5	foundational	foundational	ADJ
fbem-28356	18	6	pillars	pillar	NOUN
fbem-28356	18	7	to	to	ADP
fbem-28356	18	8	enhancing	enhance	VERB
fbem-28356	18	9	managerial	managerial	ADJ
fbem-28356	18	10	accountability	accountability	NOUN
fbem-28356	18	11	,	,	PUNCT
fbem-28356	18	12	ensuring	ensure	VERB
fbem-28356	18	13	that	that	SCONJ
fbem-28356	18	14	corporate	corporate	ADJ
fbem-28356	18	15	actions	action	NOUN
fbem-28356	18	16	align	align	VERB
fbem-28356	18	17	with	with	ADP
fbem-28356	18	18	both	both	PRON
fbem-28356	18	19	shareholder	shareholder	NOUN
fbem-28356	18	20	interests	interest	NOUN
fbem-28356	18	21	and	and	CCONJ
fbem-28356	18	22	broader	broad	ADJ
fbem-28356	18	23	societal	societal	ADJ
fbem-28356	18	24	expectations	expectation	NOUN
fbem-28356	18	25	.	.	PUNCT
fbem-28356	19	1	2.1	2.1	NUM
fbem-28356	19	2	.	.	PUNCT
fbem-28356	19	3	transparency	transparency	NOUN
fbem-28356	19	4	and	and	CCONJ
fbem-28356	19	5	disclosure	disclosure	NOUN
fbem-28356	19	6	first	first	ADV
fbem-28356	19	7	of	of	ADP
fbem-28356	19	8	the	the	DET
fbem-28356	19	9	aspects	aspect	NOUN
fbem-28356	19	10	is	be	AUX
fbem-28356	19	11	the	the	DET
fbem-28356	19	12	disclosure	disclosure	NOUN
fbem-28356	19	13	and	and	CCONJ
fbem-28356	19	14	explanation	explanation	NOUN
fbem-28356	19	15	of	of	ADP
fbem-28356	19	16	information	information	NOUN
fbem-28356	19	17	,	,	PUNCT
fbem-28356	19	18	providing	provide	VERB
fbem-28356	19	19	transparency	transparency	NOUN
fbem-28356	19	20	to	to	ADP
fbem-28356	19	21	stakeholders	stakeholder	NOUN
fbem-28356	19	22	regarding	regard	VERB
fbem-28356	19	23	decisions	decision	NOUN
fbem-28356	19	24	and	and	CCONJ
fbem-28356	19	25	actions	action	NOUN
fbem-28356	19	26	.	.	PUNCT
fbem-28356	20	1	this	this	DET
fbem-28356	20	2	proposal	proposal	NOUN
fbem-28356	20	3	for	for	ADP
fbem-28356	20	4	transparency	transparency	NOUN
fbem-28356	20	5	is	be	AUX
fbem-28356	20	6	reflected	reflect	VERB
fbem-28356	20	7	in	in	ADP
fbem-28356	20	8	various	various	ADJ
fbem-28356	20	9	principles	principle	NOUN
fbem-28356	20	10	and	and	CCONJ
fbem-28356	20	11	provisions	provision	NOUN
fbem-28356	20	12	.	.	PUNCT
fbem-28356	21	1	for	for	ADP
fbem-28356	21	2	example	example	NOUN
fbem-28356	21	3	,	,	PUNCT
fbem-28356	21	4	as	as	SCONJ
fbem-28356	21	5	documented	document	VERB
fbem-28356	21	6	in	in	ADP
fbem-28356	21	7	the	the	DET
fbem-28356	21	8	code	code	NOUN
fbem-28356	21	9	provision	provision	NOUN
fbem-28356	21	10	14	14	NUM
fbem-28356	21	11	,	,	PUNCT
fbem-28356	21	12	duties	duty	NOUN
fbem-28356	21	13	,	,	PUNCT
fbem-28356	21	14	and	and	CCONJ
fbem-28356	21	15	responsibilities	responsibility	NOUN
fbem-28356	21	16	in	in	ADP
fbem-28356	21	17	the	the	DET
fbem-28356	21	18	head	head	NOUN
fbem-28356	21	19	of	of	ADP
fbem-28356	21	20	the	the	DET
fbem-28356	21	21	company	company	NOUN
fbem-28356	21	22	should	should	AUX
fbem-28356	21	23	be	be	AUX
fbem-28356	21	24	clear	clear	ADJ
fbem-28356	21	25	,	,	PUNCT
fbem-28356	21	26	documented	document	VERB
fbem-28356	21	27	,	,	PUNCT
fbem-28356	21	28	agreed	agree	VERB
fbem-28356	21	29	by	by	ADP
fbem-28356	21	30	the	the	DET
fbem-28356	21	31	board	board	NOUN
fbem-28356	21	32	,	,	PUNCT
fbem-28356	21	33	and	and	CCONJ
fbem-28356	21	34	accessible	accessible	ADJ
fbem-28356	21	35	to	to	ADP
fbem-28356	21	36	the	the	DET
fbem-28356	21	37	public	public	NOUN
fbem-28356	21	38	.	.	PUNCT
fbem-28356	22	1	at	at	ADP
fbem-28356	22	2	the	the	DET
fbem-28356	22	3	same	same	ADJ
fbem-28356	22	4	time	time	NOUN
fbem-28356	22	5	,	,	PUNCT
fbem-28356	22	6	this	this	DET
fbem-28356	22	7	expression	expression	NOUN
fbem-28356	22	8	of	of	ADP
fbem-28356	22	9	information	information	NOUN
fbem-28356	22	10	disclosure	disclosure	NOUN
fbem-28356	22	11	also	also	ADV
fbem-28356	22	12	appears	appear	VERB
fbem-28356	22	13	in	in	ADP
fbem-28356	22	14	the	the	DET
fbem-28356	22	15	section	section	NOUN
fbem-28356	22	16	of	of	ADP
fbem-28356	22	17	audit	audit	NOUN
fbem-28356	22	18	.	.	PUNCT
fbem-28356	23	1	these	these	DET
fbem-28356	23	2	words	word	NOUN
fbem-28356	23	3	for	for	ADP
fbem-28356	23	4	transparency	transparency	NOUN
fbem-28356	23	5	is	be	AUX
fbem-28356	23	6	aligns	align	VERB
fbem-28356	23	7	with	with	ADP
fbem-28356	23	8	behn	behn	NOUN
fbem-28356	23	9	’s	’s	PART
fbem-28356	23	10	view	view	NOUN
fbem-28356	23	11	of	of	ADP
fbem-28356	23	12	accountability	accountability	NOUN
fbem-28356	23	13	involving	involve	VERB
fbem-28356	23	14	the	the	DET
fbem-28356	23	15	provision	provision	NOUN
fbem-28356	23	16	of	of	ADP
fbem-28356	23	17	information	information	NOUN
fbem-28356	23	18	and	and	CCONJ
fbem-28356	23	19	explanations	explanation	NOUN
fbem-28356	23	20	,	,	PUNCT
fbem-28356	23	21	which	which	PRON
fbem-28356	23	22	highlighted	highlight	VERB
fbem-28356	23	23	the	the	DET
fbem-28356	23	24	importance	importance	NOUN
fbem-28356	23	25	of	of	ADP
fbem-28356	23	26	increased	increase	VERB
fbem-28356	23	27	transparency	transparency	NOUN
fbem-28356	23	28	to	to	PART
fbem-28356	23	29	clarify	clarify	VERB
fbem-28356	23	30	collective	collective	ADJ
fbem-28356	23	31	and	and	CCONJ
fbem-28356	23	32	individual	individual	ADJ
fbem-28356	23	33	responsibilities	responsibility	NOUN
fbem-28356	23	34	.	.	PUNCT
fbem-28356	24	1	transparency	transparency	NOUN
fbem-28356	24	2	is	be	AUX
fbem-28356	24	3	essential	essential	ADJ
fbem-28356	24	4	for	for	ADP
fbem-28356	24	5	ensuring	ensure	VERB
fbem-28356	24	6	that	that	SCONJ
fbem-28356	24	7	companies	company	NOUN
fbem-28356	24	8	are	be	AUX
fbem-28356	24	9	accountable	accountable	ADJ
fbem-28356	24	10	to	to	ADP
fbem-28356	24	11	their	their	PRON
fbem-28356	24	12	shareholders	shareholder	NOUN
fbem-28356	24	13	,	,	PUNCT
fbem-28356	24	14	employees	employee	NOUN
fbem-28356	24	15	,	,	PUNCT
fbem-28356	24	16	and	and	CCONJ
fbem-28356	24	17	other	other	ADJ
fbem-28356	24	18	stakeholders	stakeholder	NOUN
fbem-28356	24	19	.	.	PUNCT
fbem-28356	25	1	by	by	ADP
fbem-28356	25	2	requiring	require	VERB
fbem-28356	25	3	companies	company	NOUN
fbem-28356	25	4	to	to	PART
fbem-28356	25	5	disclose	disclose	VERB
fbem-28356	25	6	their	their	PRON
fbem-28356	25	7	governance	governance	NOUN
fbem-28356	25	8	practices	practice	NOUN
fbem-28356	25	9	,	,	PUNCT
fbem-28356	25	10	the	the	DET
fbem-28356	25	11	code	code	NOUN
fbem-28356	25	12	enables	enable	VERB
fbem-28356	25	13	stakeholders	stakeholder	NOUN
fbem-28356	25	14	to	to	PART
fbem-28356	25	15	assess	assess	VERB
fbem-28356	25	16	whether	whether	SCONJ
fbem-28356	25	17	the	the	DET
fbem-28356	25	18	company	company	NOUN
fbem-28356	25	19	is	be	AUX
fbem-28356	25	20	being	be	AUX
fbem-28356	25	21	run	run	VERB
fbem-28356	25	22	in	in	ADP
fbem-28356	25	23	a	a	DET
fbem-28356	25	24	responsible	responsible	ADJ
fbem-28356	25	25	and	and	CCONJ
fbem-28356	25	26	ethical	ethical	ADJ
fbem-28356	25	27	manner	manner	NOUN
fbem-28356	25	28	.	.	PUNCT
fbem-28356	26	1	this	this	DET
fbem-28356	26	2	disclosure	disclosure	NOUN
fbem-28356	26	3	also	also	ADV
fbem-28356	26	4	allows	allow	VERB
fbem-28356	26	5	shareholders	shareholder	NOUN
fbem-28356	26	6	to	to	PART
fbem-28356	26	7	evaluate	evaluate	VERB
fbem-28356	26	8	the	the	DET
fbem-28356	26	9	effectiveness	effectiveness	NOUN
fbem-28356	26	10	of	of	ADP
fbem-28356	26	11	the	the	DET
fbem-28356	26	12	board	board	NOUN
fbem-28356	26	13	of	of	ADP
fbem-28356	26	14	directors	director	NOUN
fbem-28356	26	15	and	and	CCONJ
fbem-28356	26	16	make	make	VERB
fbem-28356	26	17	informed	informed	ADJ
fbem-28356	26	18	decisions	decision	NOUN
fbem-28356	26	19	about	about	ADP
fbem-28356	26	20	their	their	PRON
fbem-28356	26	21	investment	investment	NOUN
fbem-28356	26	22	.	.	PUNCT
fbem-28356	27	1	in	in	ADP
fbem-28356	27	2	summary	summary	NOUN
fbem-28356	27	3	,	,	PUNCT
fbem-28356	27	4	the	the	DET
fbem-28356	27	5	integration	integration	NOUN
fbem-28356	27	6	of	of	ADP
fbem-28356	27	7	the	the	DET
fbem-28356	27	8	transparency	transparency	NOUN
fbem-28356	27	9	principles	principle	NOUN
fbem-28356	27	10	into	into	ADP
fbem-28356	27	11	different	different	ADJ
fbem-28356	27	12	sections	section	NOUN
fbem-28356	27	13	of	of	ADP
fbem-28356	27	14	the	the	DET
fbem-28356	27	15	code	code	NOUN
fbem-28356	27	16	shows	show	VERB
fbem-28356	27	17	that	that	SCONJ
fbem-28356	27	18	the	the	DET
fbem-28356	27	19	code	code	NOUN
fbem-28356	27	20	enhances	enhance	VERB
fbem-28356	27	21	accountability	accountability	NOUN
fbem-28356	27	22	.	.	PUNCT
fbem-28356	28	1	2.2	2.2	NUM
fbem-28356	28	2	.	.	PUNCT
fbem-28356	29	1	the	the	DET
fbem-28356	29	2	“	"	PUNCT
fbem-28356	29	3	comply	comply	VERB
fbem-28356	29	4	or	or	CCONJ
fbem-28356	29	5	explain	explain	VERB
fbem-28356	29	6	”	"	PUNCT
fbem-28356	29	7	principle	principle	NOUN
fbem-28356	29	8	secondly	secondly	ADV
fbem-28356	29	9	,	,	PUNCT
fbem-28356	29	10	the	the	DET
fbem-28356	29	11	accountability	accountability	NOUN
fbem-28356	29	12	behind	behind	ADP
fbem-28356	29	13	the	the	DET
fbem-28356	29	14	“	"	PUNCT
fbem-28356	29	15	comply	comply	VERB
fbem-28356	29	16	or	or	CCONJ
fbem-28356	29	17	explain	explain	VERB
fbem-28356	29	18	”	"	PUNCT
fbem-28356	29	19	principle	principle	NOUN
fbem-28356	29	20	.	.	PUNCT
fbem-28356	30	1	due	due	ADP
fbem-28356	30	2	to	to	ADP
fbem-28356	30	3	its	its	PRON
fbem-28356	30	4	nature	nature	NOUN
fbem-28356	30	5	of	of	ADP
fbem-28356	30	6	the	the	DET
fbem-28356	30	7	soft	soft	ADJ
fbem-28356	30	8	law	law	NOUN
fbem-28356	30	9	,	,	PUNCT
fbem-28356	30	10	the	the	DET
fbem-28356	30	11	code	code	NOUN
fbem-28356	30	12	provide	provide	VERB
fbem-28356	30	13	more	more	ADJ
fbem-28356	30	14	flexibility	flexibility	NOUN
fbem-28356	30	15	and	and	CCONJ
fbem-28356	30	16	adaptability	adaptability	NOUN
fbem-28356	30	17	to	to	ADP
fbem-28356	30	18	corporate	corporate	ADJ
fbem-28356	30	19	governance	governance	NOUN
fbem-28356	30	20	framework	framework	NOUN
fbem-28356	30	21	,	,	PUNCT
fbem-28356	30	22	which	which	PRON
fbem-28356	30	23	is	be	AUX
fbem-28356	30	24	fully	fully	ADV
fbem-28356	30	25	reflected	reflect	VERB
fbem-28356	30	26	in	in	ADP
fbem-28356	30	27	the	the	DET
fbem-28356	30	28	“	"	PUNCT
fbem-28356	30	29	comply	comply	NOUN
fbem-28356	30	30	or	or	CCONJ
fbem-28356	30	31	explain	explain	VERB
fbem-28356	30	32	”	"	PUNCT
fbem-28356	30	33	approach	approach	NOUN
fbem-28356	30	34	.	.	PUNCT
fbem-28356	31	1	according	accord	VERB
fbem-28356	31	2	to	to	ADP
fbem-28356	31	3	the	the	DET
fbem-28356	31	4	description	description	NOUN
fbem-28356	31	5	of	of	ADP
fbem-28356	31	6	the	the	DET
fbem-28356	31	7	“	"	PUNCT
fbem-28356	31	8	comply	comply	NOUN
fbem-28356	31	9	and	and	CCONJ
fbem-28356	31	10	explain	explain	VERB
fbem-28356	31	11	”	"	PUNCT
fbem-28356	31	12	approach	approach	NOUN
fbem-28356	31	13	,	,	PUNCT
fbem-28356	31	14	companies	company	NOUN
fbem-28356	31	15	are	be	AUX
fbem-28356	31	16	free	free	ADJ
fbem-28356	31	17	to	to	PART
fbem-28356	31	18	choose	choose	VERB
fbem-28356	31	19	whether	whether	SCONJ
fbem-28356	31	20	to	to	PART
fbem-28356	31	21	comply	comply	VERB
fbem-28356	31	22	with	with	ADP
fbem-28356	31	23	the	the	DET
fbem-28356	31	24	code	code	NOUN
fbem-28356	31	25	or	or	CCONJ
fbem-28356	31	26	not	not	PART
fbem-28356	31	27	,	,	PUNCT
fbem-28356	31	28	and	and	CCONJ
fbem-28356	31	29	if	if	SCONJ
fbem-28356	31	30	they	they	PRON
fbem-28356	31	31	choose	choose	VERB
fbem-28356	31	32	not	not	PART
fbem-28356	31	33	to	to	PART
fbem-28356	31	34	comply	comply	VERB
fbem-28356	31	35	,	,	PUNCT
fbem-28356	31	36	they	they	PRON
fbem-28356	31	37	may	may	AUX
fbem-28356	31	38	provide	provide	VERB
fbem-28356	31	39	an	an	DET
fbem-28356	31	40	explanation	explanation	NOUN
fbem-28356	31	41	.	.	PUNCT
fbem-28356	32	1	although	although	SCONJ
fbem-28356	32	2	the	the	DET
fbem-28356	32	3	code	code	NOUN
fbem-28356	32	4	has	have	AUX
fbem-28356	32	5	been	be	AUX
fbem-28356	32	6	modified	modify	VERB
fbem-28356	32	7	from	from	ADP
fbem-28356	32	8	previous	previous	ADJ
fbem-28356	32	9	version	version	NOUN
fbem-28356	32	10	by	by	ADP
fbem-28356	32	11	removing	remove	VERB
fbem-28356	32	12	the	the	DET
fbem-28356	32	13	requirement	requirement	NOUN
fbem-28356	32	14	that	that	SCONJ
fbem-28356	32	15	its	its	PRON
fbem-28356	32	16	existing	exist	VERB
fbem-28356	32	17	arrangements	arrangement	NOUN
fbem-28356	32	18	ensure	ensure	VERB
fbem-28356	32	19	proper	proper	ADJ
fbem-28356	32	20	accountability	accountability	NOUN
fbem-28356	32	21	284	284	NUM
fbem-28356	32	22	but	but	CCONJ
fbem-28356	32	23	an	an	DET
fbem-28356	32	24	explanation	explanation	NOUN
fbem-28356	32	25	is	be	AUX
fbem-28356	32	26	not	not	PART
fbem-28356	32	27	an	an	DET
fbem-28356	32	28	obligation	obligation	NOUN
fbem-28356	32	29	,	,	PUNCT
fbem-28356	32	30	but	but	CCONJ
fbem-28356	32	31	the	the	DET
fbem-28356	32	32	refinement	refinement	NOUN
fbem-28356	32	33	of	of	ADP
fbem-28356	32	34	the	the	DET
fbem-28356	32	35	provision	provision	NOUN
fbem-28356	32	36	on	on	ADP
fbem-28356	32	37	the	the	DET
fbem-28356	32	38	concept	concept	NOUN
fbem-28356	32	39	of	of	ADP
fbem-28356	32	40	“	"	PUNCT
fbem-28356	32	41	explain	explain	VERB
fbem-28356	32	42	”	"	PUNCT
fbem-28356	32	43	still	still	ADV
fbem-28356	32	44	reflects	reflect	VERB
fbem-28356	32	45	the	the	DET
fbem-28356	32	46	aim	aim	NOUN
fbem-28356	32	47	of	of	ADP
fbem-28356	32	48	enhance	enhance	NOUN
fbem-28356	32	49	accountability	accountability	NOUN
fbem-28356	32	50	that	that	PRON
fbem-28356	32	51	underlies	underlie	VERB
fbem-28356	32	52	the	the	DET
fbem-28356	32	53	approach	approach	NOUN
fbem-28356	32	54	.	.	PUNCT
fbem-28356	33	1	to	to	PART
fbem-28356	33	2	be	be	AUX
fbem-28356	33	3	specific	specific	ADJ
fbem-28356	33	4	,	,	PUNCT
fbem-28356	33	5	the	the	DET
fbem-28356	33	6	definition	definition	NOUN
fbem-28356	33	7	of	of	ADP
fbem-28356	33	8	“	"	PUNCT
fbem-28356	33	9	explain	explain	VERB
fbem-28356	33	10	”	"	PUNCT
fbem-28356	33	11	is	be	AUX
fbem-28356	33	12	more	more	ADJ
fbem-28356	33	13	in	in	ADP
fbem-28356	33	14	line	line	NOUN
fbem-28356	33	15	with	with	ADP
fbem-28356	33	16	the	the	DET
fbem-28356	33	17	current	current	ADJ
fbem-28356	33	18	business	business	NOUN
fbem-28356	33	19	environment	environment	NOUN
fbem-28356	33	20	,	,	PUNCT
fbem-28356	33	21	while	while	SCONJ
fbem-28356	33	22	the	the	DET
fbem-28356	33	23	code	code	NOUN
fbem-28356	33	24	also	also	ADV
fbem-28356	33	25	adds	add	VERB
fbem-28356	33	26	provisions	provision	NOUN
fbem-28356	33	27	for	for	ADP
fbem-28356	33	28	challenging	challenge	VERB
fbem-28356	33	29	the	the	DET
fbem-28356	33	30	explanation	explanation	NOUN
fbem-28356	33	31	.	.	PUNCT
fbem-28356	34	1	however	however	ADV
fbem-28356	34	2	,	,	PUNCT
fbem-28356	34	3	because	because	SCONJ
fbem-28356	34	4	“	"	PUNCT
fbem-28356	34	5	explain	explain	VERB
fbem-28356	34	6	”	"	PUNCT
fbem-28356	34	7	is	be	AUX
fbem-28356	34	8	not	not	PART
fbem-28356	34	9	an	an	DET
fbem-28356	34	10	obligation	obligation	NOUN
fbem-28356	34	11	,	,	PUNCT
fbem-28356	34	12	the	the	DET
fbem-28356	34	13	“	"	PUNCT
fbem-28356	34	14	comply	comply	VERB
fbem-28356	34	15	or	or	CCONJ
fbem-28356	34	16	explain	explain	VERB
fbem-28356	34	17	”	"	PUNCT
fbem-28356	34	18	approach	approach	NOUN
fbem-28356	34	19	has	have	AUX
fbem-28356	34	20	not	not	PART
fbem-28356	34	21	been	be	AUX
fbem-28356	34	22	able	able	ADJ
fbem-28356	34	23	to	to	PART
fbem-28356	34	24	change	change	VERB
fbem-28356	34	25	one	one	NUM
fbem-28356	34	26	of	of	ADP
fbem-28356	34	27	the	the	DET
fbem-28356	34	28	major	major	ADJ
fbem-28356	34	29	drawbacks	drawback	NOUN
fbem-28356	34	30	of	of	ADP
fbem-28356	34	31	the	the	DET
fbem-28356	34	32	original	original	ADJ
fbem-28356	34	33	provision	provision	NOUN
fbem-28356	34	34	in	in	ADP
fbem-28356	34	35	terms	term	NOUN
fbem-28356	34	36	of	of	ADP
fbem-28356	34	37	enhancing	enhance	VERB
fbem-28356	34	38	accountability	accountability	NOUN
fbem-28356	34	39	,	,	PUNCT
fbem-28356	34	40	that	that	SCONJ
fbem-28356	34	41	it	it	PRON
fbem-28356	34	42	is	be	AUX
fbem-28356	34	43	entirely	entirely	ADV
fbem-28356	34	44	up	up	ADP
fbem-28356	34	45	to	to	ADP
fbem-28356	34	46	the	the	DET
fbem-28356	34	47	directors	director	NOUN
fbem-28356	34	48	to	to	PART
fbem-28356	34	49	explain	explain	VERB
fbem-28356	34	50	it	it	PRON
fbem-28356	34	51	.	.	PUNCT
fbem-28356	35	1	2.3	2.3	NUM
fbem-28356	35	2	.	.	PUNCT
fbem-28356	35	3	balancing	balance	VERB
fbem-28356	35	4	flexibility	flexibility	NOUN
fbem-28356	35	5	and	and	CCONJ
fbem-28356	35	6	accountability	accountability	NOUN
fbem-28356	35	7	both	both	CCONJ
fbem-28356	35	8	transparency	transparency	NOUN
fbem-28356	35	9	and	and	CCONJ
fbem-28356	35	10	the	the	DET
fbem-28356	35	11	"	"	PUNCT
fbem-28356	35	12	comply	comply	NOUN
fbem-28356	35	13	or	or	CCONJ
fbem-28356	35	14	explain	explain	VERB
fbem-28356	35	15	"	"	PUNCT
fbem-28356	35	16	principle	principle	NOUN
fbem-28356	35	17	contribute	contribute	VERB
fbem-28356	35	18	significantly	significantly	ADV
fbem-28356	35	19	to	to	ADP
fbem-28356	35	20	enhancing	enhance	VERB
fbem-28356	35	21	accountability	accountability	NOUN
fbem-28356	35	22	within	within	ADP
fbem-28356	35	23	corporate	corporate	ADJ
fbem-28356	35	24	governance	governance	NOUN
fbem-28356	35	25	.	.	PUNCT
fbem-28356	36	1	however	however	ADV
fbem-28356	36	2	,	,	PUNCT
fbem-28356	36	3	their	their	PRON
fbem-28356	36	4	effectiveness	effectiveness	NOUN
fbem-28356	36	5	depends	depend	VERB
fbem-28356	36	6	on	on	ADP
fbem-28356	36	7	proper	proper	ADJ
fbem-28356	36	8	implementation	implementation	NOUN
fbem-28356	36	9	and	and	CCONJ
fbem-28356	36	10	monitoring	monitoring	NOUN
fbem-28356	36	11	.	.	PUNCT
fbem-28356	37	1	the	the	DET
fbem-28356	37	2	code	code	NOUN
fbem-28356	37	3	’s	’s	PART
fbem-28356	37	4	emphasis	emphasis	NOUN
fbem-28356	37	5	on	on	ADP
fbem-28356	37	6	clear	clear	ADJ
fbem-28356	37	7	disclosure	disclosure	NOUN
fbem-28356	37	8	and	and	CCONJ
fbem-28356	37	9	duty	duty	NOUN
fbem-28356	37	10	of	of	ADP
fbem-28356	37	11	explanation	explanation	NOUN
fbem-28356	37	12	ensures	ensure	VERB
fbem-28356	37	13	that	that	SCONJ
fbem-28356	37	14	companies	company	NOUN
fbem-28356	37	15	are	be	AUX
fbem-28356	37	16	held	hold	VERB
fbem-28356	37	17	accountable	accountable	ADJ
fbem-28356	37	18	,	,	PUNCT
fbem-28356	37	19	but	but	CCONJ
fbem-28356	37	20	it	it	PRON
fbem-28356	37	21	also	also	ADV
fbem-28356	37	22	puts	put	VERB
fbem-28356	37	23	the	the	DET
fbem-28356	37	24	responsibility	responsibility	NOUN
fbem-28356	37	25	on	on	ADP
fbem-28356	37	26	shareholders	shareholder	NOUN
fbem-28356	37	27	and	and	CCONJ
fbem-28356	37	28	other	other	ADJ
fbem-28356	37	29	stakeholders	stakeholder	NOUN
fbem-28356	37	30	to	to	PART
fbem-28356	37	31	scrutinize	scrutinize	VERB
fbem-28356	37	32	these	these	DET
fbem-28356	37	33	disclosures	disclosure	NOUN
fbem-28356	37	34	and	and	CCONJ
fbem-28356	37	35	explanations	explanation	NOUN
fbem-28356	37	36	effectively	effectively	ADV
fbem-28356	37	37	.	.	PUNCT
fbem-28356	38	1	while	while	SCONJ
fbem-28356	38	2	these	these	DET
fbem-28356	38	3	provisions	provision	NOUN
fbem-28356	38	4	have	have	AUX
fbem-28356	38	5	enhanced	enhance	VERB
fbem-28356	38	6	accountability	accountability	NOUN
fbem-28356	38	7	,	,	PUNCT
fbem-28356	38	8	they	they	PRON
fbem-28356	38	9	also	also	ADV
fbem-28356	38	10	raise	raise	VERB
fbem-28356	38	11	questions	question	NOUN
fbem-28356	38	12	about	about	ADP
fbem-28356	38	13	the	the	DET
fbem-28356	38	14	extent	extent	NOUN
fbem-28356	38	15	to	to	PART
fbem-28356	38	16	which	which	PRON
fbem-28356	38	17	the	the	DET
fbem-28356	38	18	code	code	NOUN
fbem-28356	38	19	could	could	AUX
fbem-28356	38	20	drive	drive	VERB
fbem-28356	38	21	real	real	ADJ
fbem-28356	38	22	change	change	NOUN
fbem-28356	38	23	in	in	ADP
fbem-28356	38	24	corporate	corporate	ADJ
fbem-28356	38	25	behaviour	behaviour	NOUN
fbem-28356	38	26	.	.	PUNCT
fbem-28356	39	1	the	the	DET
fbem-28356	39	2	balance	balance	NOUN
fbem-28356	39	3	between	between	ADP
fbem-28356	39	4	flexibility	flexibility	NOUN
fbem-28356	39	5	and	and	CCONJ
fbem-28356	39	6	accountability	accountability	NOUN
fbem-28356	39	7	remains	remain	VERB
fbem-28356	39	8	a	a	DET
fbem-28356	39	9	key	key	ADJ
fbem-28356	39	10	challenge	challenge	NOUN
fbem-28356	39	11	in	in	ADP
fbem-28356	39	12	corporate	corporate	ADJ
fbem-28356	39	13	governance	governance	NOUN
fbem-28356	39	14	,	,	PUNCT
fbem-28356	39	15	particularly	particularly	ADV
fbem-28356	39	16	as	as	SCONJ
fbem-28356	39	17	the	the	DET
fbem-28356	39	18	business	business	NOUN
fbem-28356	39	19	environment	environment	NOUN
fbem-28356	39	20	continues	continue	VERB
fbem-28356	39	21	to	to	PART
fbem-28356	39	22	evolve	evolve	VERB
fbem-28356	39	23	.	.	PUNCT
fbem-28356	40	1	ultimately	ultimately	ADV
fbem-28356	40	2	,	,	PUNCT
fbem-28356	40	3	the	the	DET
fbem-28356	40	4	success	success	NOUN
fbem-28356	40	5	of	of	ADP
fbem-28356	40	6	these	these	DET
fbem-28356	40	7	mechanisms	mechanism	NOUN
fbem-28356	40	8	will	will	AUX
fbem-28356	40	9	depend	depend	VERB
fbem-28356	40	10	on	on	ADP
fbem-28356	40	11	the	the	DET
fbem-28356	40	12	willingness	willingness	NOUN
fbem-28356	40	13	of	of	ADP
fbem-28356	40	14	both	both	DET
fbem-28356	40	15	companies	company	NOUN
fbem-28356	40	16	and	and	CCONJ
fbem-28356	40	17	stakeholders	stakeholder	NOUN
fbem-28356	40	18	to	to	PART
fbem-28356	40	19	embrace	embrace	VERB
fbem-28356	40	20	a	a	DET
fbem-28356	40	21	culture	culture	NOUN
fbem-28356	40	22	of	of	ADP
fbem-28356	40	23	transparency	transparency	NOUN
fbem-28356	40	24	,	,	PUNCT
fbem-28356	40	25	responsibility	responsibility	NOUN
fbem-28356	40	26	,	,	PUNCT
fbem-28356	40	27	and	and	CCONJ
fbem-28356	40	28	ethical	ethical	ADJ
fbem-28356	40	29	governance	governance	NOUN
fbem-28356	40	30	.	.	PUNCT
fbem-28356	41	1	3	3	X
fbem-28356	41	2	.	.	X
fbem-28356	41	3	evaluating	evaluate	VERB
fbem-28356	41	4	the	the	DET
fbem-28356	41	5	future	future	NOUN
fbem-28356	41	6	of	of	ADP
fbem-28356	41	7	the	the	DET
fbem-28356	41	8	uk	uk	PROPN
fbem-28356	41	9	corporate	corporate	ADJ
fbem-28356	41	10	governance	governance	NOUN
fbem-28356	41	11	code	code	NOUN
fbem-28356	41	12	three	three	NUM
fbem-28356	41	13	decades	decade	NOUN
fbem-28356	41	14	ago	ago	ADV
fbem-28356	41	15	,	,	PUNCT
fbem-28356	41	16	the	the	DET
fbem-28356	41	17	cadbury	cadbury	PROPN
fbem-28356	41	18	code	code	NOUN
fbem-28356	41	19	of	of	ADP
fbem-28356	41	20	best	good	ADJ
fbem-28356	41	21	practice	practice	NOUN
fbem-28356	41	22	(	(	PUNCT
fbem-28356	41	23	cadbury	cadbury	PROPN
fbem-28356	41	24	code	code	NOUN
fbem-28356	41	25	)	)	PUNCT
fbem-28356	41	26	was	be	AUX
fbem-28356	41	27	promulgated	promulgate	VERB
fbem-28356	41	28	.	.	PUNCT
fbem-28356	42	1	cadbury	cadbury	NOUN
fbem-28356	42	2	code	code	NOUN
fbem-28356	42	3	not	not	PART
fbem-28356	42	4	only	only	ADV
fbem-28356	42	5	laid	lay	VERB
fbem-28356	42	6	the	the	DET
fbem-28356	42	7	groundwork	groundwork	NOUN
fbem-28356	42	8	for	for	ADP
fbem-28356	42	9	the	the	DET
fbem-28356	42	10	formation	formation	NOUN
fbem-28356	42	11	of	of	ADP
fbem-28356	42	12	the	the	DET
fbem-28356	42	13	code	code	NOUN
fbem-28356	42	14	,	,	PUNCT
fbem-28356	42	15	but	but	CCONJ
fbem-28356	42	16	also	also	ADV
fbem-28356	42	17	established	establish	VERB
fbem-28356	42	18	a	a	DET
fbem-28356	42	19	precedent	precedent	NOUN
fbem-28356	42	20	,	,	PUNCT
fbem-28356	42	21	influencing	influence	VERB
fbem-28356	42	22	the	the	DET
fbem-28356	42	23	adoption	adoption	NOUN
fbem-28356	42	24	of	of	ADP
fbem-28356	42	25	similar	similar	ADJ
fbem-28356	42	26	codes	code	NOUN
fbem-28356	42	27	in	in	ADP
fbem-28356	42	28	almost	almost	ADV
fbem-28356	42	29	100	100	NUM
fbem-28356	42	30	countries	country	NOUN
fbem-28356	42	31	.	.	PUNCT
fbem-28356	43	1	however	however	ADV
fbem-28356	43	2	,	,	PUNCT
fbem-28356	43	3	with	with	ADP
fbem-28356	43	4	the	the	DET
fbem-28356	43	5	passage	passage	NOUN
fbem-28356	43	6	of	of	ADP
fbem-28356	43	7	time	time	NOUN
fbem-28356	43	8	and	and	CCONJ
fbem-28356	43	9	changes	change	NOUN
fbem-28356	43	10	in	in	ADP
fbem-28356	43	11	the	the	DET
fbem-28356	43	12	business	business	NOUN
fbem-28356	43	13	environment	environment	NOUN
fbem-28356	43	14	,	,	PUNCT
fbem-28356	43	15	the	the	DET
fbem-28356	43	16	code	code	NOUN
fbem-28356	43	17	has	have	AUX
fbem-28356	43	18	developed	develop	VERB
fbem-28356	43	19	several	several	ADJ
fbem-28356	43	20	outdated	outdated	ADJ
fbem-28356	43	21	elements	element	NOUN
fbem-28356	43	22	,	,	PUNCT
fbem-28356	43	23	which	which	PRON
fbem-28356	43	24	has	have	AUX
fbem-28356	43	25	begun	begin	VERB
fbem-28356	43	26	to	to	PART
fbem-28356	43	27	drift	drift	VERB
fbem-28356	43	28	away	away	ADV
fbem-28356	43	29	from	from	ADP
fbem-28356	43	30	the	the	DET
fbem-28356	43	31	effectiveness	effectiveness	NOUN
fbem-28356	43	32	of	of	ADP
fbem-28356	43	33	modern	modern	ADJ
fbem-28356	43	34	public	public	ADJ
fbem-28356	43	35	corporate	corporate	ADJ
fbem-28356	43	36	governance	governance	NOUN
fbem-28356	43	37	.	.	PUNCT
fbem-28356	44	1	therefore	therefore	ADV
fbem-28356	44	2	,	,	PUNCT
fbem-28356	44	3	it	it	PRON
fbem-28356	44	4	is	be	AUX
fbem-28356	44	5	worth	worth	ADJ
fbem-28356	44	6	discussing	discuss	VERB
fbem-28356	44	7	whether	whether	SCONJ
fbem-28356	44	8	the	the	DET
fbem-28356	44	9	code	code	NOUN
fbem-28356	44	10	could	could	AUX
fbem-28356	44	11	continue	continue	VERB
fbem-28356	44	12	to	to	PART
fbem-28356	44	13	provide	provide	VERB
fbem-28356	44	14	benefits	benefit	NOUN
fbem-28356	44	15	to	to	ADP
fbem-28356	44	16	companies	company	NOUN
fbem-28356	44	17	,	,	PUNCT
fbem-28356	44	18	shareholders	shareholder	NOUN
fbem-28356	44	19	,	,	PUNCT
fbem-28356	44	20	and	and	CCONJ
fbem-28356	44	21	stakeholders	stakeholder	NOUN
fbem-28356	44	22	.	.	PUNCT
fbem-28356	45	1	3.1	3.1	NUM
fbem-28356	45	2	.	.	PUNCT
fbem-28356	46	1	the	the	DET
fbem-28356	46	2	cost	cost	NOUN
fbem-28356	46	3	of	of	ADP
fbem-28356	46	4	compliance	compliance	NOUN
fbem-28356	46	5	and	and	CCONJ
fbem-28356	46	6	disclosure	disclosure	NOUN
fbem-28356	46	7	one	one	NUM
fbem-28356	46	8	of	of	ADP
fbem-28356	46	9	the	the	DET
fbem-28356	46	10	major	major	ADJ
fbem-28356	46	11	criticisms	criticism	NOUN
fbem-28356	46	12	of	of	ADP
fbem-28356	46	13	the	the	DET
fbem-28356	46	14	code	code	NOUN
fbem-28356	46	15	is	be	AUX
fbem-28356	46	16	the	the	DET
fbem-28356	46	17	increasing	increase	VERB
fbem-28356	46	18	cost	cost	NOUN
fbem-28356	46	19	burden	burden	NOUN
fbem-28356	46	20	it	it	PRON
fbem-28356	46	21	imposes	impose	VERB
fbem-28356	46	22	on	on	ADP
fbem-28356	46	23	companies	company	NOUN
fbem-28356	46	24	.	.	PUNCT
fbem-28356	47	1	changes	change	NOUN
fbem-28356	47	2	in	in	ADP
fbem-28356	47	3	detail	detail	NOUN
fbem-28356	47	4	requirements	requirement	NOUN
fbem-28356	47	5	in	in	ADP
fbem-28356	47	6	the	the	DET
fbem-28356	47	7	code	code	NOUN
fbem-28356	47	8	have	have	AUX
fbem-28356	47	9	led	lead	VERB
fbem-28356	47	10	to	to	ADP
fbem-28356	47	11	increasing	increase	VERB
fbem-28356	47	12	demands	demand	NOUN
fbem-28356	47	13	for	for	ADP
fbem-28356	47	14	disclosure	disclosure	NOUN
fbem-28356	47	15	and	and	CCONJ
fbem-28356	47	16	compliance	compliance	NOUN
fbem-28356	47	17	form	form	NOUN
fbem-28356	47	18	companies	company	NOUN
fbem-28356	47	19	to	to	PART
fbem-28356	47	20	adhere	adhere	VERB
fbem-28356	47	21	to	to	ADP
fbem-28356	47	22	the	the	DET
fbem-28356	47	23	code	code	NOUN
fbem-28356	47	24	,	,	PUNCT
fbem-28356	47	25	resulting	result	VERB
fbem-28356	47	26	in	in	ADP
fbem-28356	47	27	significant	significant	ADJ
fbem-28356	47	28	costs	cost	NOUN
fbem-28356	47	29	.	.	PUNCT
fbem-28356	48	1	according	accord	VERB
fbem-28356	48	2	to	to	ADP
fbem-28356	48	3	a	a	DET
fbem-28356	48	4	position	position	NOUN
fbem-28356	48	5	paper	paper	NOUN
fbem-28356	48	6	released	release	VERB
fbem-28356	48	7	by	by	ADP
fbem-28356	48	8	the	the	DET
fbem-28356	48	9	financial	financial	ADJ
fbem-28356	48	10	reporting	reporting	NOUN
fbem-28356	48	11	council	council	PROPN
fbem-28356	48	12	(	(	PUNCT
fbem-28356	48	13	frc	frc	PROPN
fbem-28356	48	14	)	)	PUNCT
fbem-28356	48	15	in	in	ADP
fbem-28356	48	16	july	july	PROPN
fbem-28356	48	17	2022	2022	NUM
fbem-28356	48	18	,	,	PUNCT
fbem-28356	48	19	the	the	DET
fbem-28356	48	20	frc	frc	NOUN
fbem-28356	48	21	aims	aim	VERB
fbem-28356	48	22	to	to	PART
fbem-28356	48	23	strengthen	strengthen	VERB
fbem-28356	48	24	the	the	DET
fbem-28356	48	25	code	code	NOUN
fbem-28356	48	26	’s	’s	PART
fbem-28356	48	27	coverage	coverage	NOUN
fbem-28356	48	28	from	from	ADP
fbem-28356	48	29	several	several	ADJ
fbem-28356	48	30	aspects	aspect	NOUN
fbem-28356	48	31	of	of	ADP
fbem-28356	48	32	corporate	corporate	ADJ
fbem-28356	48	33	governance	governance	NOUN
fbem-28356	48	34	frameworks	framework	NOUN
fbem-28356	48	35	.	.	PUNCT
fbem-28356	49	1	the	the	DET
fbem-28356	49	2	eventual	eventual	ADJ
fbem-28356	49	3	cost	cost	NOUN
fbem-28356	49	4	to	to	ADP
fbem-28356	49	5	this	this	DET
fbem-28356	49	6	refinement	refinement	NOUN
fbem-28356	49	7	of	of	ADP
fbem-28356	49	8	the	the	DET
fbem-28356	49	9	code	code	NOUN
fbem-28356	49	10	will	will	AUX
fbem-28356	49	11	still	still	ADV
fbem-28356	49	12	be	be	AUX
fbem-28356	49	13	placed	place	VERB
fbem-28356	49	14	on	on	ADP
fbem-28356	49	15	the	the	DET
fbem-28356	49	16	companies	company	NOUN
fbem-28356	49	17	which	which	PRON
fbem-28356	49	18	willing	willing	ADJ
fbem-28356	49	19	to	to	PART
fbem-28356	49	20	comply	comply	VERB
fbem-28356	49	21	with	with	ADP
fbem-28356	49	22	the	the	DET
fbem-28356	49	23	code	code	NOUN
fbem-28356	49	24	,	,	PUNCT
fbem-28356	49	25	and	and	CCONJ
fbem-28356	49	26	it	it	PRON
fbem-28356	49	27	does	do	AUX
fbem-28356	49	28	not	not	PART
fbem-28356	49	29	seem	seem	VERB
fbem-28356	49	30	like	like	SCONJ
fbem-28356	49	31	this	this	DET
fbem-28356	49	32	kind	kind	NOUN
fbem-28356	49	33	of	of	ADP
fbem-28356	49	34	refinement	refinement	NOUN
fbem-28356	49	35	project	project	NOUN
fbem-28356	49	36	is	be	AUX
fbem-28356	49	37	over	over	ADV
fbem-28356	49	38	,	,	PUNCT
fbem-28356	49	39	as	as	SCONJ
fbem-28356	49	40	the	the	DET
fbem-28356	49	41	frc	frc	NOUN
fbem-28356	49	42	continues	continue	VERB
fbem-28356	49	43	to	to	PART
fbem-28356	49	44	introduce	introduce	VERB
fbem-28356	49	45	de	de	X
fbem-28356	49	46	facto	facto	X
fbem-28356	49	47	disclosure	disclosure	NOUN
fbem-28356	49	48	obligations	obligation	NOUN
fbem-28356	49	49	.	.	PUNCT
fbem-28356	50	1	these	these	DET
fbem-28356	50	2	costs	cost	NOUN
fbem-28356	50	3	may	may	AUX
fbem-28356	50	4	be	be	AUX
fbem-28356	50	5	disproportionate	disproportionate	ADJ
fbem-28356	50	6	,	,	PUNCT
fbem-28356	50	7	especially	especially	ADV
fbem-28356	50	8	for	for	ADP
fbem-28356	50	9	smaller	small	ADJ
fbem-28356	50	10	companies	company	NOUN
fbem-28356	50	11	,	,	PUNCT
fbem-28356	50	12	raising	raise	VERB
fbem-28356	50	13	questions	question	NOUN
fbem-28356	50	14	about	about	ADP
fbem-28356	50	15	the	the	DET
fbem-28356	50	16	code	code	NOUN
fbem-28356	50	17	’s	’s	PART
fbem-28356	50	18	overall	overall	ADJ
fbem-28356	50	19	impact	impact	NOUN
fbem-28356	50	20	on	on	ADP
fbem-28356	50	21	corporate	corporate	ADJ
fbem-28356	50	22	competitiveness	competitiveness	NOUN
fbem-28356	50	23	.	.	PUNCT
fbem-28356	51	1	while	while	SCONJ
fbem-28356	51	2	larger	large	ADJ
fbem-28356	51	3	firms	firm	NOUN
fbem-28356	51	4	may	may	AUX
fbem-28356	51	5	have	have	VERB
fbem-28356	51	6	the	the	DET
fbem-28356	51	7	resources	resource	NOUN
fbem-28356	51	8	to	to	PART
fbem-28356	51	9	meet	meet	VERB
fbem-28356	51	10	these	these	DET
fbem-28356	51	11	demands	demand	NOUN
fbem-28356	51	12	,	,	PUNCT
fbem-28356	51	13	smaller	small	ADJ
fbem-28356	51	14	firms	firm	NOUN
fbem-28356	51	15	may	may	AUX
fbem-28356	51	16	struggle	struggle	VERB
fbem-28356	51	17	to	to	PART
fbem-28356	51	18	comply	comply	VERB
fbem-28356	51	19	,	,	PUNCT
fbem-28356	51	20	potentially	potentially	ADV
fbem-28356	51	21	undermining	undermine	VERB
fbem-28356	51	22	the	the	DET
fbem-28356	51	23	very	very	ADJ
fbem-28356	51	24	principles	principle	NOUN
fbem-28356	51	25	of	of	ADP
fbem-28356	51	26	fairness	fairness	NOUN
fbem-28356	51	27	and	and	CCONJ
fbem-28356	51	28	inclusivity	inclusivity	VERB
fbem-28356	51	29	the	the	DET
fbem-28356	51	30	code	code	NOUN
fbem-28356	51	31	aims	aim	VERB
fbem-28356	51	32	to	to	PART
fbem-28356	51	33	promote	promote	VERB
fbem-28356	51	34	.	.	PUNCT
fbem-28356	52	1	besides	besides	SCONJ
fbem-28356	52	2	,	,	PUNCT
fbem-28356	52	3	another	another	DET
fbem-28356	52	4	heavy	heavy	ADJ
fbem-28356	52	5	cost	cost	NOUN
fbem-28356	52	6	comes	come	VERB
fbem-28356	52	7	from	from	ADP
fbem-28356	52	8	corporate	corporate	ADJ
fbem-28356	52	9	compliance	compliance	NOUN
fbem-28356	52	10	,	,	PUNCT
fbem-28356	52	11	which	which	PRON
fbem-28356	52	12	resulting	result	VERB
fbem-28356	52	13	from	from	ADP
fbem-28356	52	14	the	the	DET
fbem-28356	52	15	principle	principle	NOUN
fbem-28356	52	16	of	of	ADP
fbem-28356	52	17	“	"	PUNCT
fbem-28356	52	18	comply	comply	VERB
fbem-28356	52	19	or	or	CCONJ
fbem-28356	52	20	explain	explain	VERB
fbem-28356	52	21	”	"	PUNCT
fbem-28356	52	22	.	.	PUNCT
fbem-28356	53	1	in	in	ADP
fbem-28356	53	2	practice	practice	NOUN
fbem-28356	53	3	,	,	PUNCT
fbem-28356	53	4	the	the	DET
fbem-28356	53	5	“	"	PUNCT
fbem-28356	53	6	comply	comply	VERB
fbem-28356	53	7	or	or	CCONJ
fbem-28356	53	8	explain	explain	VERB
fbem-28356	53	9	"	"	PUNCT
fbem-28356	53	10	principle	principle	NOUN
fbem-28356	53	11	is	be	AUX
fbem-28356	53	12	not	not	PART
fbem-28356	53	13	as	as	ADV
fbem-28356	53	14	flexible	flexible	ADJ
fbem-28356	53	15	and	and	CCONJ
fbem-28356	53	16	adaptable	adaptable	ADJ
fbem-28356	53	17	as	as	SCONJ
fbem-28356	53	18	it	it	PRON
fbem-28356	53	19	is	be	AUX
fbem-28356	53	20	set	set	VERB
fbem-28356	53	21	out	out	ADP
fbem-28356	53	22	in	in	ADP
fbem-28356	53	23	the	the	DET
fbem-28356	53	24	code	code	NOUN
fbem-28356	53	25	,	,	PUNCT
fbem-28356	53	26	and	and	CCONJ
fbem-28356	53	27	the	the	DET
fbem-28356	53	28	provisions	provision	NOUN
fbem-28356	53	29	of	of	ADP
fbem-28356	53	30	this	this	DET
fbem-28356	53	31	principle	principle	NOUN
fbem-28356	53	32	often	often	ADV
fbem-28356	53	33	amount	amount	VERB
fbem-28356	53	34	to	to	ADP
fbem-28356	53	35	mandatory	mandatory	ADJ
fbem-28356	53	36	requirements	requirement	NOUN
fbem-28356	53	37	for	for	ADP
fbem-28356	53	38	corporate	corporate	ADJ
fbem-28356	53	39	governance	governance	NOUN
fbem-28356	53	40	which	which	PRON
fbem-28356	53	41	supported	support	VERB
fbem-28356	53	42	by	by	ADP
fbem-28356	53	43	the	the	DET
fbem-28356	53	44	high	high	ADJ
fbem-28356	53	45	rate	rate	NOUN
fbem-28356	53	46	of	of	ADP
fbem-28356	53	47	compliance	compliance	NOUN
fbem-28356	53	48	reflected	reflect	VERB
fbem-28356	53	49	in	in	ADP
fbem-28356	53	50	a	a	DET
fbem-28356	53	51	survey	survey	NOUN
fbem-28356	53	52	.	.	PUNCT
fbem-28356	54	1	3.2	3.2	NUM
fbem-28356	54	2	.	.	PUNCT
fbem-28356	55	1	the	the	DET
fbem-28356	55	2	evolving	evolve	VERB
fbem-28356	55	3	role	role	NOUN
fbem-28356	55	4	of	of	ADP
fbem-28356	55	5	corporate	corporate	ADJ
fbem-28356	55	6	governance	governance	NOUN
fbem-28356	55	7	as	as	ADP
fbem-28356	55	8	corporate	corporate	ADJ
fbem-28356	55	9	governance	governance	NOUN
fbem-28356	55	10	continues	continue	VERB
fbem-28356	55	11	to	to	PART
fbem-28356	55	12	evolve	evolve	VERB
fbem-28356	55	13	,	,	PUNCT
fbem-28356	55	14	the	the	DET
fbem-28356	55	15	question	question	NOUN
fbem-28356	55	16	arises	arise	VERB
fbem-28356	55	17	whether	whether	SCONJ
fbem-28356	55	18	the	the	DET
fbem-28356	55	19	uk	uk	PROPN
fbem-28356	55	20	corporate	corporate	ADJ
fbem-28356	55	21	governance	governance	NOUN
fbem-28356	55	22	code	code	NOUN
fbem-28356	55	23	can	can	AUX
fbem-28356	55	24	remain	remain	VERB
fbem-28356	55	25	effective	effective	ADJ
fbem-28356	55	26	in	in	ADP
fbem-28356	55	27	meeting	meet	VERB
fbem-28356	55	28	the	the	DET
fbem-28356	55	29	needs	need	NOUN
fbem-28356	55	30	of	of	ADP
fbem-28356	55	31	contemporary	contemporary	ADJ
fbem-28356	55	32	business	business	NOUN
fbem-28356	55	33	environments	environment	NOUN
fbem-28356	55	34	.	.	PUNCT
fbem-28356	56	1	the	the	DET
fbem-28356	56	2	rapid	rapid	ADJ
fbem-28356	56	3	changes	change	NOUN
fbem-28356	56	4	in	in	ADP
fbem-28356	56	5	global	global	ADJ
fbem-28356	56	6	markets	market	NOUN
fbem-28356	56	7	,	,	PUNCT
fbem-28356	56	8	the	the	DET
fbem-28356	56	9	increasing	increase	VERB
fbem-28356	56	10	focus	focus	NOUN
fbem-28356	56	11	on	on	ADP
fbem-28356	56	12	environmental	environmental	ADJ
fbem-28356	56	13	,	,	PUNCT
fbem-28356	56	14	social	social	ADJ
fbem-28356	56	15	,	,	PUNCT
fbem-28356	56	16	and	and	CCONJ
fbem-28356	56	17	governance	governance	NOUN
fbem-28356	56	18	(	(	PUNCT
fbem-28356	56	19	esg	esg	NOUN
fbem-28356	56	20	)	)	PUNCT
fbem-28356	56	21	factors	factor	NOUN
fbem-28356	56	22	,	,	PUNCT
fbem-28356	56	23	and	and	CCONJ
fbem-28356	56	24	growing	grow	VERB
fbem-28356	56	25	calls	call	NOUN
fbem-28356	56	26	for	for	ADP
fbem-28356	56	27	more	more	ADJ
fbem-28356	56	28	stakeholder	stakeholder	NOUN
fbem-28356	56	29	-	-	PUNCT
fbem-28356	56	30	oriented	orient	VERB
fbem-28356	56	31	governance	governance	NOUN
fbem-28356	56	32	models	model	NOUN
fbem-28356	56	33	all	all	DET
fbem-28356	56	34	present	present	ADJ
fbem-28356	56	35	challenges	challenge	NOUN
fbem-28356	56	36	to	to	ADP
fbem-28356	56	37	the	the	DET
fbem-28356	56	38	traditional	traditional	ADJ
fbem-28356	56	39	shareholder	shareholder	NOUN
fbem-28356	56	40	-	-	PUNCT
fbem-28356	56	41	centric	centric	ADJ
fbem-28356	56	42	framework	framework	NOUN
fbem-28356	56	43	promoted	promote	VERB
fbem-28356	56	44	by	by	ADP
fbem-28356	56	45	the	the	DET
fbem-28356	56	46	code	code	NOUN
fbem-28356	56	47	.	.	PUNCT
fbem-28356	57	1	moreover	moreover	ADV
fbem-28356	57	2	,	,	PUNCT
fbem-28356	57	3	the	the	DET
fbem-28356	57	4	global	global	ADJ
fbem-28356	57	5	nature	nature	NOUN
fbem-28356	57	6	of	of	ADP
fbem-28356	57	7	business	business	NOUN
fbem-28356	57	8	today	today	NOUN
fbem-28356	57	9	requires	require	VERB
fbem-28356	57	10	cross	cross	ADJ
fbem-28356	57	11	-	-	ADJ
fbem-28356	57	12	jurisdictional	jurisdictional	ADJ
fbem-28356	57	13	governance	governance	NOUN
fbem-28356	57	14	standards	standard	NOUN
fbem-28356	57	15	,	,	PUNCT
fbem-28356	57	16	and	and	CCONJ
fbem-28356	57	17	the	the	DET
fbem-28356	57	18	uk	uk	PROPN
fbem-28356	57	19	corporate	corporate	ADJ
fbem-28356	57	20	governance	governance	NOUN
fbem-28356	57	21	code	code	NOUN
fbem-28356	57	22	may	may	AUX
fbem-28356	57	23	face	face	VERB
fbem-28356	57	24	increasing	increase	VERB
fbem-28356	57	25	pressure	pressure	NOUN
fbem-28356	57	26	to	to	PART
fbem-28356	57	27	align	align	VERB
fbem-28356	57	28	with	with	ADP
fbem-28356	57	29	international	international	ADJ
fbem-28356	57	30	best	good	ADJ
fbem-28356	57	31	practices	practice	NOUN
fbem-28356	57	32	.	.	PUNCT
fbem-28356	58	1	in	in	ADP
fbem-28356	58	2	this	this	DET
fbem-28356	58	3	context	context	NOUN
fbem-28356	58	4	,	,	PUNCT
fbem-28356	58	5	the	the	DET
fbem-28356	58	6	future	future	NOUN
fbem-28356	58	7	of	of	ADP
fbem-28356	58	8	the	the	DET
fbem-28356	58	9	code	code	NOUN
fbem-28356	58	10	will	will	AUX
fbem-28356	58	11	depend	depend	VERB
fbem-28356	58	12	on	on	ADP
fbem-28356	58	13	its	its	PRON
fbem-28356	58	14	ability	ability	NOUN
fbem-28356	58	15	to	to	PART
fbem-28356	58	16	adapt	adapt	VERB
fbem-28356	58	17	to	to	ADP
fbem-28356	58	18	these	these	DET
fbem-28356	58	19	broader	broad	ADJ
fbem-28356	58	20	trends	trend	NOUN
fbem-28356	58	21	while	while	SCONJ
fbem-28356	58	22	maintaining	maintain	VERB
fbem-28356	58	23	its	its	PRON
fbem-28356	58	24	core	core	ADJ
fbem-28356	58	25	focus	focus	NOUN
fbem-28356	58	26	on	on	ADP
fbem-28356	58	27	managerial	managerial	ADJ
fbem-28356	58	28	accountability	accountability	NOUN
fbem-28356	58	29	.	.	PUNCT
fbem-28356	59	1	the	the	DET
fbem-28356	59	2	uk	uk	PROPN
fbem-28356	59	3	corporate	corporate	ADJ
fbem-28356	59	4	governance	governance	NOUN
fbem-28356	59	5	code	code	NOUN
fbem-28356	59	6	has	have	AUX
fbem-28356	59	7	made	make	VERB
fbem-28356	59	8	significant	significant	ADJ
fbem-28356	59	9	strides	stride	NOUN
fbem-28356	59	10	in	in	ADP
fbem-28356	59	11	enhancing	enhance	VERB
fbem-28356	59	12	managerial	managerial	ADJ
fbem-28356	59	13	accountability	accountability	NOUN
fbem-28356	59	14	,	,	PUNCT
fbem-28356	59	15	but	but	CCONJ
fbem-28356	59	16	its	its	PRON
fbem-28356	59	17	future	future	ADJ
fbem-28356	59	18	effectiveness	effectiveness	NOUN
fbem-28356	59	19	is	be	AUX
fbem-28356	59	20	uncertain	uncertain	ADJ
fbem-28356	59	21	.	.	PUNCT
fbem-28356	60	1	rising	rise	VERB
fbem-28356	60	2	compliance	compliance	NOUN
fbem-28356	60	3	costs	cost	NOUN
fbem-28356	60	4	,	,	PUNCT
fbem-28356	60	5	the	the	DET
fbem-28356	60	6	limitations	limitation	NOUN
fbem-28356	60	7	of	of	ADP
fbem-28356	60	8	the	the	DET
fbem-28356	60	9	"	"	PUNCT
fbem-28356	60	10	comply	comply	NOUN
fbem-28356	60	11	or	or	CCONJ
fbem-28356	60	12	explain	explain	VERB
fbem-28356	60	13	"	"	PUNCT
fbem-28356	60	14	principle	principle	NOUN
fbem-28356	60	15	,	,	PUNCT
fbem-28356	60	16	and	and	CCONJ
fbem-28356	60	17	the	the	DET
fbem-28356	60	18	changing	change	VERB
fbem-28356	60	19	landscape	landscape	NOUN
fbem-28356	60	20	of	of	ADP
fbem-28356	60	21	corporate	corporate	ADJ
fbem-28356	60	22	governance	governance	NOUN
fbem-28356	60	23	all	all	DET
fbem-28356	60	24	point	point	NOUN
fbem-28356	60	25	to	to	ADP
fbem-28356	60	26	the	the	DET
fbem-28356	60	27	need	need	NOUN
fbem-28356	60	28	for	for	ADP
fbem-28356	60	29	continued	continue	VERB
fbem-28356	60	30	adaptation	adaptation	NOUN
fbem-28356	60	31	.	.	PUNCT
fbem-28356	61	1	whether	whether	SCONJ
fbem-28356	61	2	the	the	DET
fbem-28356	61	3	code	code	NOUN
fbem-28356	61	4	can	can	AUX
fbem-28356	61	5	remain	remain	VERB
fbem-28356	61	6	relevant	relevant	ADJ
fbem-28356	61	7	and	and	CCONJ
fbem-28356	61	8	beneficial	beneficial	ADJ
fbem-28356	61	9	to	to	ADP
fbem-28356	61	10	companies	company	NOUN
fbem-28356	61	11	,	,	PUNCT
fbem-28356	61	12	shareholders	shareholder	NOUN
fbem-28356	61	13	,	,	PUNCT
fbem-28356	61	14	and	and	CCONJ
fbem-28356	61	15	stakeholders	stakeholder	NOUN
fbem-28356	61	16	will	will	AUX
fbem-28356	61	17	depend	depend	VERB
fbem-28356	61	18	on	on	ADP
fbem-28356	61	19	its	its	PRON
fbem-28356	61	20	ability	ability	NOUN
fbem-28356	61	21	to	to	PART
fbem-28356	61	22	evolve	evolve	VERB
fbem-28356	61	23	and	and	CCONJ
fbem-28356	61	24	respond	respond	VERB
fbem-28356	61	25	to	to	ADP
fbem-28356	61	26	emerging	emerge	VERB
fbem-28356	61	27	challenges	challenge	NOUN
fbem-28356	61	28	.	.	PUNCT
fbem-28356	62	1	4	4	X
fbem-28356	62	2	.	.	X
fbem-28356	62	3	conclusion	conclusion	NOUN
fbem-28356	62	4	the	the	DET
fbem-28356	62	5	uk	uk	PROPN
fbem-28356	62	6	corporate	corporate	ADJ
fbem-28356	62	7	governance	governance	NOUN
fbem-28356	62	8	code	code	NOUN
fbem-28356	62	9	(	(	PUNCT
fbem-28356	62	10	2018	2018	NUM
fbem-28356	62	11	)	)	PUNCT
fbem-28356	62	12	has	have	VERB
fbem-28356	62	13	undeniably	undeniably	ADV
fbem-28356	62	14	advanced	advance	VERB
fbem-28356	62	15	managerial	managerial	ADJ
fbem-28356	62	16	accountability	accountability	NOUN
fbem-28356	62	17	through	through	ADP
fbem-28356	62	18	its	its	PRON
fbem-28356	62	19	emphasis	emphasis	NOUN
fbem-28356	62	20	on	on	ADP
fbem-28356	62	21	transparency	transparency	NOUN
fbem-28356	62	22	and	and	CCONJ
fbem-28356	62	23	the	the	DET
fbem-28356	62	24	"	"	PUNCT
fbem-28356	62	25	comply	comply	NOUN
fbem-28356	62	26	or	or	CCONJ
fbem-28356	62	27	explain	explain	VERB
fbem-28356	62	28	"	"	PUNCT
fbem-28356	62	29	principle	principle	NOUN
fbem-28356	62	30	.	.	PUNCT
fbem-28356	63	1	these	these	DET
fbem-28356	63	2	mechanisms	mechanism	NOUN
fbem-28356	63	3	have	have	AUX
fbem-28356	63	4	fostered	foster	VERB
fbem-28356	63	5	improved	improve	VERB
fbem-28356	63	6	corporate	corporate	ADJ
fbem-28356	63	7	practices	practice	NOUN
fbem-28356	63	8	and	and	CCONJ
fbem-28356	63	9	stakeholder	stakeholder	PROPN
fbem-28356	63	10	trust	trust	PROPN
fbem-28356	63	11	.	.	PUNCT
fbem-28356	64	1	however	however	ADV
fbem-28356	64	2	,	,	PUNCT
fbem-28356	64	3	the	the	DET
fbem-28356	64	4	rising	rise	VERB
fbem-28356	64	5	costs	cost	NOUN
fbem-28356	64	6	associated	associate	VERB
fbem-28356	64	7	with	with	ADP
fbem-28356	64	8	compliance	compliance	NOUN
fbem-28356	64	9	and	and	CCONJ
fbem-28356	64	10	the	the	DET
fbem-28356	64	11	voluntary	voluntary	ADJ
fbem-28356	64	12	nature	nature	NOUN
fbem-28356	64	13	of	of	ADP
fbem-28356	64	14	the	the	DET
fbem-28356	64	15	code	code	NOUN
fbem-28356	64	16	’s	’s	PART
fbem-28356	64	17	provisions	provision	NOUN
fbem-28356	64	18	raise	raise	VERB
fbem-28356	64	19	significant	significant	ADJ
fbem-28356	64	20	concerns	concern	NOUN
fbem-28356	64	21	about	about	ADP
fbem-28356	64	22	its	its	PRON
fbem-28356	64	23	long	long	ADJ
fbem-28356	64	24	-	-	PUNCT
fbem-28356	64	25	term	term	NOUN
fbem-28356	64	26	efficacy	efficacy	NOUN
fbem-28356	64	27	.	.	PUNCT
fbem-28356	65	1	to	to	PART
fbem-28356	65	2	remain	remain	VERB
fbem-28356	65	3	relevant	relevant	ADJ
fbem-28356	65	4	,	,	PUNCT
fbem-28356	65	5	the	the	DET
fbem-28356	65	6	code	code	NOUN
fbem-28356	65	7	must	must	AUX
fbem-28356	65	8	address	address	VERB
fbem-28356	65	9	these	these	DET
fbem-28356	65	10	challenges	challenge	NOUN
fbem-28356	65	11	by	by	ADP
fbem-28356	65	12	adapting	adapt	VERB
fbem-28356	65	13	to	to	ADP
fbem-28356	65	14	emerging	emerge	VERB
fbem-28356	65	15	trends	trend	NOUN
fbem-28356	65	16	,	,	PUNCT
fbem-28356	65	17	including	include	VERB
fbem-28356	65	18	global	global	ADJ
fbem-28356	65	19	governance	governance	NOUN
fbem-28356	65	20	standards	standard	NOUN
fbem-28356	65	21	and	and	CCONJ
fbem-28356	65	22	the	the	DET
fbem-28356	65	23	integration	integration	NOUN
fbem-28356	65	24	of	of	ADP
fbem-28356	65	25	environmental	environmental	ADJ
fbem-28356	65	26	,	,	PUNCT
fbem-28356	65	27	social	social	ADJ
fbem-28356	65	28	,	,	PUNCT
fbem-28356	65	29	and	and	CCONJ
fbem-28356	65	30	governance	governance	NOUN
fbem-28356	65	31	(	(	PUNCT
fbem-28356	65	32	esg	esg	NOUN
fbem-28356	65	33	)	)	PUNCT
fbem-28356	65	34	considerations	consideration	NOUN
fbem-28356	65	35	.	.	PUNCT
fbem-28356	66	1	ultimately	ultimately	ADV
fbem-28356	66	2	,	,	PUNCT
fbem-28356	66	3	the	the	DET
fbem-28356	66	4	code	code	NOUN
fbem-28356	66	5	’s	’s	PART
fbem-28356	66	6	future	future	ADJ
fbem-28356	66	7	effectiveness	effectiveness	NOUN
fbem-28356	66	8	will	will	AUX
fbem-28356	66	9	depend	depend	VERB
fbem-28356	66	10	on	on	ADP
fbem-28356	66	11	its	its	PRON
fbem-28356	66	12	ability	ability	NOUN
fbem-28356	66	13	to	to	PART
fbem-28356	66	14	balance	balance	VERB
fbem-28356	66	15	flexibility	flexibility	NOUN
fbem-28356	66	16	with	with	ADP
fbem-28356	66	17	enforceability	enforceability	NOUN
fbem-28356	66	18	while	while	SCONJ
fbem-28356	66	19	maintaining	maintain	VERB
fbem-28356	66	20	its	its	PRON
fbem-28356	66	21	focus	focus	NOUN
fbem-28356	66	22	on	on	ADP
fbem-28356	66	23	ethical	ethical	ADJ
fbem-28356	66	24	governance	governance	NOUN
fbem-28356	66	25	and	and	CCONJ
fbem-28356	66	26	accountability	accountability	NOUN
fbem-28356	66	27	.	.	PUNCT
fbem-28356	67	1	references	reference	NOUN
fbem-28356	67	2	[	[	X
fbem-28356	67	3	1	1	NUM
fbem-28356	67	4	]	]	X
fbem-28356	67	5	brian	brian	PROPN
fbem-28356	67	6	r.	r.	PROPN
fbem-28356	67	7	cheffins	cheffins	PROPN
fbem-28356	67	8	&	&	CCONJ
fbem-28356	67	9	bobby	bobby	PROPN
fbem-28356	67	10	v.	v.	ADP
fbem-28356	67	11	reddy	reddy	PROPN
fbem-28356	67	12	(	(	PUNCT
fbem-28356	67	13	2022	2022	NUM
fbem-28356	67	14	)	)	PUNCT
fbem-28356	67	15	thirty	thirty	NUM
fbem-28356	67	16	years	year	NOUN
fbem-28356	67	17	and	and	CCONJ
fbem-28356	67	18	done	do	VERB
fbem-28356	67	19	–	–	PUNCT
fbem-28356	67	20	time	time	NOUN
fbem-28356	67	21	to	to	PART
fbem-28356	67	22	abolish	abolish	VERB
fbem-28356	67	23	the	the	DET
fbem-28356	67	24	uk	uk	PROPN
fbem-28356	67	25	corporate	corporate	ADJ
fbem-28356	67	26	governance	governance	NOUN
fbem-28356	67	27	code	code	NOUN
fbem-28356	67	28	,	,	PUNCT
fbem-28356	67	29	journal	journal	NOUN
fbem-28356	67	30	of	of	ADP
fbem-28356	67	31	corporate	corporate	ADJ
fbem-28356	67	32	law	law	NOUN
fbem-28356	67	33	studies	study	NOUN
fbem-28356	67	34	,	,	PUNCT
fbem-28356	67	35	22:2	22:2	NUM
fbem-28356	67	36	,	,	PUNCT
fbem-28356	67	37	709	709	NUM
fbem-28356	67	38	-	-	SYM
fbem-28356	67	39	748	748	NUM
fbem-28356	67	40	,	,	PUNCT
fbem-28356	67	41	doi	doi	NOUN
fbem-28356	67	42	:	:	PUNCT
fbem-28356	67	43	10.1080/14735970.2022.2140496	10.1080/14735970.2022.2140496	NUM
fbem-28356	67	44	[	[	X
fbem-28356	67	45	2	2	NUM
fbem-28356	67	46	]	]	PUNCT
fbem-28356	67	47	e.	e.	PROPN
fbem-28356	67	48	fisher	fisher	PROPN
fbem-28356	67	49	,	,	PUNCT
fbem-28356	67	50	"	"	PUNCT
fbem-28356	67	51	the	the	DET
fbem-28356	67	52	european	european	PROPN
fbem-28356	67	53	union	union	PROPN
fbem-28356	67	54	in	in	ADP
fbem-28356	67	55	the	the	DET
fbem-28356	67	56	age	age	NOUN
fbem-28356	67	57	of	of	ADP
fbem-28356	67	58	accountability	accountability	NOUN
fbem-28356	67	59	"	"	PUNCT
fbem-28356	67	60	(	(	PUNCT
fbem-28356	67	61	2004	2004	NUM
fbem-28356	67	62	)	)	PUNCT
fbem-28356	68	1	24	24	NUM
fbem-28356	68	2	o.j.l.s	o.j.l.s	PROPN
fbem-28356	68	3	.	.	PROPN
fbem-28356	68	4	495	495	NUM
fbem-28356	68	5	,	,	PUNCT
fbem-28356	68	6	496	496	NUM
fbem-28356	68	7	;	;	PUNCT
fbem-28356	68	8	m.	m.	NOUN
fbem-28356	68	9	moore	moore	PROPN
fbem-28356	68	10	,	,	PUNCT
fbem-28356	68	11	corporate	corporate	ADJ
fbem-28356	68	12	governance	governance	NOUN
fbem-28356	68	13	in	in	ADP
fbem-28356	68	14	the	the	DET
fbem-28356	68	15	shadow	shadow	NOUN
fbem-28356	68	16	of	of	ADP
fbem-28356	68	17	the	the	DET
fbem-28356	68	18	state	state	NOUN
fbem-28356	68	19	(	(	PUNCT
fbem-28356	68	20	oxford	oxford	PROPN
fbem-28356	68	21	:	:	PUNCT
fbem-28356	68	22	hart	hart	PROPN
fbem-28356	68	23	publishing	publishing	PROPN
fbem-28356	68	24	,	,	PUNCT
fbem-28356	68	25	2013	2013	NUM
fbem-28356	68	26	)	)	PUNCT
fbem-28356	68	27	,	,	PUNCT
fbem-28356	68	28	p.35	p.35	NOUN
fbem-28356	68	29	.	.	NOUN
fbem-28356	68	30	285	285	NUM
fbem-28356	69	1	[	[	SYM
fbem-28356	69	2	3	3	NUM
fbem-28356	69	3	]	]	X
fbem-28356	69	4	financial	financial	ADJ
fbem-28356	69	5	reporting	reporting	NOUN
fbem-28356	69	6	council	council	PROPN
fbem-28356	69	7	,	,	PUNCT
fbem-28356	69	8	uk	uk	PROPN
fbem-28356	69	9	corporate	corporate	ADJ
fbem-28356	69	10	governance	governance	NOUN
fbem-28356	69	11	code	code	NOUN
fbem-28356	69	12	(	(	PUNCT
fbem-28356	69	13	2018	2018	NUM
fbem-28356	69	14	)	)	PUNCT
fbem-28356	70	1	[	[	X
fbem-28356	70	2	4	4	NUM
fbem-28356	70	3	]	]	X
fbem-28356	70	4	frc	frc	X
fbem-28356	70	5	,	,	PUNCT
fbem-28356	70	6	position	position	NOUN
fbem-28356	70	7	paper	paper	NOUN
fbem-28356	70	8	:	:	PUNCT
fbem-28356	70	9	restoring	restore	VERB
fbem-28356	70	10	trust	trust	NOUN
fbem-28356	70	11	in	in	ADP
fbem-28356	70	12	audit	audit	NOUN
fbem-28356	70	13	and	and	CCONJ
fbem-28356	70	14	corporate	corporate	ADJ
fbem-28356	70	15	governance	governance	NOUN
fbem-28356	70	16	(	(	PUNCT
fbem-28356	70	17	frc	frc	PROPN
fbem-28356	70	18	july	july	PROPN
fbem-28356	70	19	2022	2022	NUM
fbem-28356	70	20	)	)	PUNCT
fbem-28356	70	21	4	4	NUM
fbem-28356	70	22	,	,	PUNCT
fbem-28356	70	23	addressing	address	VERB
fbem-28356	70	24	dbeis	dbeis	NOUN
fbem-28356	70	25	(	(	PUNCT
fbem-28356	70	26	n	n	PROPN
fbem-28356	70	27	21	21	NUM
fbem-28356	70	28	)	)	PUNCT
fbem-28356	70	29	.	.	PUNCT
fbem-28356	71	1	[	[	X
fbem-28356	71	2	5	5	NUM
fbem-28356	71	3	]	]	X
fbem-28356	71	4	keay	keay	NOUN
fbem-28356	71	5	,	,	PUNCT
fbem-28356	71	6	"	"	PUNCT
fbem-28356	71	7	comply	comply	VERB
fbem-28356	71	8	or	or	CCONJ
fbem-28356	71	9	explain	explain	VERB
fbem-28356	71	10	in	in	ADP
fbem-28356	71	11	corporate	corporate	ADJ
fbem-28356	71	12	governance	governance	NOUN
fbem-28356	71	13	codes	code	NOUN
fbem-28356	71	14	"	"	PUNCT
fbem-28356	71	15	(	(	PUNCT
fbem-28356	71	16	2014	2014	NUM
fbem-28356	71	17	)	)	PUNCT
fbem-28356	71	18	34	34	NUM
fbem-28356	71	19	legal	legal	ADJ
fbem-28356	71	20	studies	study	NOUN
fbem-28356	71	21	279	279	NUM
fbem-28356	71	22	,	,	PUNCT
fbem-28356	71	23	293	293	NUM
fbem-28356	71	24	.	.	PUNCT
fbem-28356	72	1	[	[	X
fbem-28356	72	2	6	6	NUM
fbem-28356	72	3	]	]	X
fbem-28356	72	4	keay	keay	NOUN
fbem-28356	72	5	,	,	PUNCT
fbem-28356	72	6	a.	a.	NOUN
fbem-28356	72	7	,	,	PUNCT
fbem-28356	72	8	'	'	PUNCT
fbem-28356	72	9	assessing	assess	VERB
fbem-28356	72	10	accountability	accountability	NOUN
fbem-28356	72	11	of	of	ADP
fbem-28356	72	12	boards	board	NOUN
fbem-28356	72	13	under	under	ADP
fbem-28356	72	14	the	the	DET
fbem-28356	72	15	uk	uk	PROPN
fbem-28356	72	16	corporate	corporate	ADJ
fbem-28356	72	17	governance	governance	NOUN
fbem-28356	72	18	code	code	NOUN
fbem-28356	72	19	'	'	PUNCT
fbem-28356	72	20	(	(	PUNCT
fbem-28356	72	21	2015	2015	NUM
fbem-28356	72	22	)	)	PUNCT
fbem-28356	72	23	7	7	NUM
fbem-28356	72	24	jbl	jbl	NOUN
fbem-28356	72	25	551	551	NUM
fbem-28356	72	26	.	.	PUNCT
fbem-28356	73	1	[	[	X
fbem-28356	73	2	7	7	NUM
fbem-28356	73	3	]	]	X
fbem-28356	73	4	oecd	oecd	PROPN
fbem-28356	73	5	,	,	PUNCT
fbem-28356	73	6	principles	principle	NOUN
fbem-28356	73	7	of	of	ADP
fbem-28356	73	8	corporate	corporate	ADJ
fbem-28356	73	9	governance	governance	NOUN
fbem-28356	73	10	2004	2004	NUM
fbem-28356	73	11	,	,	PUNCT
fbem-28356	73	12	p.24	p.24	PROPN
fbem-28356	73	13	http://www.oecd.org/corporate/ca/corporategovernanceprincip	http://www.oecd.org/corporate/ca/corporategovernanceprincip	PROPN
fbem-28356	73	14	les/31557724.pdf	les/31557724.pdf	PROPN
fbem-28356	74	1	[	[	X
fbem-28356	74	2	accessed	access	VERB
fbem-28356	74	3	december	december	PROPN
fbem-28356	74	4	5	5	NUM
fbem-28356	74	5	,	,	PUNCT
fbem-28356	74	6	2024	2024	NUM
fbem-28356	74	7	]	]	PUNCT
fbem-28356	74	8	.	.	PUNCT
fbem-28356	75	1	[	[	X
fbem-28356	75	2	8	8	NUM
fbem-28356	75	3	]	]	X
fbem-28356	75	4	r.	r.	PROPN
fbem-28356	75	5	behn	behn	PROPN
fbem-28356	75	6	,	,	PUNCT
fbem-28356	75	7	rethinking	rethink	VERB
fbem-28356	75	8	democratic	democratic	ADJ
fbem-28356	75	9	accountability	accountability	NOUN
fbem-28356	75	10	(	(	PUNCT
fbem-28356	75	11	brookings	brookings	PROPN
fbem-28356	75	12	institution	institution	NOUN
fbem-28356	75	13	press	press	NOUN
fbem-28356	75	14	,	,	PUNCT
fbem-28356	75	15	2001	2001	NUM
fbem-28356	75	16	)	)	PUNCT