The Financial Reporting Council launched its consultation today on proposed changes to the UK Corporate Governance Code. A copy of the new Code is available here (pdf) and the consultation paper is available here (pdf). The proposed changes are designed to make the Code "shorter and sharper" and reflect what the FRC calls the "changing business environment". A summary of the proposed changes is available here (pdf). Accompanying the consultation paper is an updated edition of the Guidance on Board Effectiveness document, designed to support implementation of the Code's Principles: see here (pdf).
The consultation paper also seeks specific views on the UK Stewardship Code, in order to inform a review of this Code next year.
Tuesday, 5 December 2017
UK: FRC consultation on revised UK Corporate Governance Code
The Financial Reporting Council launched its consultation today on proposed changes to the UK Corporate Governance Code. A copy of the new Code is available here (pdf) and the consultation paper is available here (pdf). The proposed changes are designed to make the Code "shorter and sharper" and reflect what the FRC calls the "changing business environment". A summary of the proposed changes is available here (pdf). Accompanying the consultation paper is an updated edition of the Guidance on Board Effectiveness document, designed to support implementation of the Code's Principles: see here (pdf).
The consultation paper also seeks specific views on the UK Stewardship Code, in order to inform a review of this Code next year.
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