Friday, 25 November 2011

UK: Grant Thornton's FTSE350 Corporate Governance Review 2011

Grant Thornton has published the 2011 edition of its annual corporate governance review: see here (pdf). The review is based upon the annual reports of 298 FTSE350 companies with year ends between May 2010 and April 2011 (excluding investment companies). The review notes, amongst other things, that 70% of companies have introduced annual re-election for directors (one of the recommendations made in the revised UK Corporate Governance Code published last year). It is also reported that, on average, FTSE350 companies change their statutory auditor once every 34 years. With regard to board size, eleven is the average for FTSE100 companies.

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