Compliance Is Not Governance: The Costly Confusion Undermining Britain's Mid-Market Holding Companies
Across Britain's mid-market corporate landscape, a dangerous equivalence has taken hold: the belief that a clean compliance record constitutes sound governance. This conflation is not merely a semantic error — it is a structural failure with measurable consequences for value, accountability, and long-term resilience. Genuine governance architecture looks nothing like a well-filed regulatory return.