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much history does corporate governance have theres two different ways of looking at it in terms how long there have been publicly traded companies where there have been directors in charge with shareholders who want to know how theyre performing you can cast your mind back three four hundred years however the idea of managers being accountable to shareholders and having that dealt with through the terminology of corporate governance is a much more recent development this began in the 1970s in the United States corporate governance has changed a lot in the United States what you have is the most notable change occurred with the sarbanes-oxley legislation of 2002 but what youve seen is radical changes in market practice preceding that in the UK the departure point was the 1992 Cadbury report and the introduction of the code of best practice following on from that that was a an appendix to the listing rules of the London Stock Exchange and then there have been a series of reports sinc