... companies and other large, publicly-traded firms (Gillan et al., 2003; 2006), EMU (European Monetary Union) and U. K companies (Bauer et al., 2004), and U. K companies (Shabbir and Padgett, 2005) Akin ... in firm characteristics is associated with change in corporate governance 3.2 Corporate Governance and Firm Performance Chhaochharia and Grinstein (2005) argue that “…optimal governance structure ... governance and firm performance in the U. K market Most of the studies have been conducted on U. S firms This research examines corporate governance in the U. K for several reasons First, corporate governance...