There are two ways in which corporate governance can be carried out: the effective way and the ineffective way. The ineffective way is a system of soft law like the Combined Code on Corporate Governance in the UK, which was created by consultation with the public companies and which those companies may choose to ignore if they choose to do so. This means in practice that public companies will ignore the code when economic conditions make it desirable to ignore it.” Alastair Hudson, ‘Understanding Company Law’ Critically evaluate this statement. To what extent do you do agree with the views put forward?