Stakeholders should have greater influence over corporate governance issues. That was the conclusion of an online panel discussion hosted by the Investor Relations Society last week.

The IRS set up the webinar to discuss corporate governance issues ahead of the publication of the Financial Report Council's completed review of the Combined Code later this year and panelists including Emily Carey, corporate governance manager at BP concluded that responsibility for corporate governance is a "two-way street" for boardrooms and shareholders. Greater responsibility should be awarded to investors and third parties on governance issues - with the prospective measures available to them broadened.

In addition, the IR Society's panelists recommended that remuneration committees should be company-wide and adhere to a transparent code of conduct.