Tuesday, 24 May 2016

UK: FRC feedback statement on board succession planning discussion paper

The Financial Reporting Council has published a feedback statement for its recent discussion paper on board succession planning: see here (pdf). Providing further guidance for nomination committees, as part of the revision of the Guidance on Board Effectiveness, is being considered by the FRC within its Culture Project. The FRC also plans to review and analyse nomination committee disclosures and to comment on these in the next edition of its Developments in Corporate Governance and Stewardship report.

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