CGI Code of Practice for board reviewers

The Chartered Governance Institute UK & Ireland (CGIUKI) has launched a Code of Practice, which will be underpinned by an accreditation framework, to support effective board performance reviews.

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UK Corporate Governance Code Consultation

Following the consultation last year on Restoring Trust in Audit and Corporate Governance, the government invited the FRC to strengthen the UK Corporate Governance Code in specific areas. The FRC have now launched a public consultation on the proposed revision to Code. This limited revision aims to enhance the Code’s effectiveness in promoting good corporate…

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FRC Annual Review of Corporate Reporting

The Financial Reporting Council have published its Annual Review of Corporate Governance Reporting which has found an improvement in the quality of reporting against the UK Corporate Governance Code.

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The Influence of the UK Stewardship Code 2020 on practice & reporting

New research commissioned by the Financial Reporting Council (FRC) has identified the positive impact the revised UK Stewardship Code has had on the practice and reporting of asset managers and owners.

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FRC Professional Judgement Guidance for Auditors

The Financial Reporting Council (FRC) has published comprehensive professional judgement guidance for auditors to improve how they exercise professional judgement. The new guidance includes a framework for making professional judgements and a series of illustrative examples. The guidance will be of particular use for auditors and central technical teams but will also have wider interest…

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A voluntary code of conduct for directors

The Institute of Directors has published a new policy paper, calling for government to commission the development of a voluntary code to reflect and embed the expectations of society with regards to the business community.

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FCA Diversity & inclusion on company boards & executive management Policy Statement

The FCA have published their final policy decision for proposals set out in CP 21/24 ‘Diversity and inclusion on company boards and executive committees’. These measures will improve transparency on the diversity of company boards and their executive management for investors and other market participants.

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The Wates Corporate Governance Principles for Large Private Companies

The FRC has issued the first in-depth assessment of the quality of reporting from private companies who have chosen to follow the Wates Principles. The report, which was conducted with the University of Essex, shows that the Wates Principles are the most widely adopted corporate governance code used by large private companies.

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Terms of Reference: Lord Hill’s review on listings

The UK has regained full responsibility for its financial services rulebook, allowing it to tailor requirements to the needs of British companies, investors and markets. An independent review has been commissioned that will gather evidence and make recommendations to the Government and UK regulators on how to encourage more high-quality UK equity listings and public…

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Restoring trust in audit and corporate governance

The Department for Business, Energy and Industrial Strategy (BEIS) has launched its white paper to reform the UK’s audit, corporate reporting and corporate governance system. This is the response to the three independent reviews by Sir John Kingman, Sir Donald Brydon and the Competition and Markets Authority. It includes measures to enhance the quality of…

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