UK fund managers chastened by recent accounting scandals now say that they would be prepared to pay a premium of up to 11% for shares in demonstrably well-governed companies, according to research from KPMG, the financial consulting firm.

According to a KPMG survey, 80% of asset managers would pay more for the shares of a well-governed company as opposed to those of a company demonstrating similar financial performance, but which did not exhibit high governance standards.