UK: EY report - annual reporting in 2014 by FTSE350 companies

EY has published a review of annual reporting by FTSE350 companies: see here (pdf). The report is wide-ranging. Focussing on one aspect of the UK governance framework - comply or explain - the report found that 59% of companies complied with every provision of the UK Corporate Governance Code; 85% complied with all or all but one provision. 3% of companies reported non-compliance with more than two provisions and whilst explanations for such non-compliance were provided, the report found that such explanations were of variable quality.