Companies Act 2006

Overview An Act to reform company law and restate the greater part of the enactments relating to companies; to make other provision relating to companies and other forms of business organisation; to make provision about directors’ disqualification, business names, auditors and actuaries; to amend Part 9 of the Enterprise Act 2002; and for connected purposes.…

Governing Culture: Risk & Opportunity?

Overview This guide explores in detail what board leadership of purpose, values and culture means in practive. It describes each of the six key pillars in more detail and gives examples of what the best boards do. It also shows, for each pillar, the relevant section from the ‘agenda of boards’ differentiating between the questions…

Corporate Governance Reform – Green Paper

Overview This Green Paper is designed to stimulate a debate on a range of options for strengthening the UK’s corporate governance framework, including options for increasing shareholder influence over executive pay and strengthening the employee, customer and supplier voice at boardroom level.   Download Document   (more…)

FRC – Guidance on the Strategic Report

Overview The guidance encourages that the information provided in annual reports should be more relevant to shareholders. With that in mind, the guidance is framed in the context of the annual report as a whole. In practice, an annual report comprises a number of components. The information contained in each of these components has different…

Liability of Non-Executive Directors: Care, Skill and Diligence

Overview This guidance note is designed to help non-executive directors avoid a range of penalties – from fines, through to disqualification and imprisonment – if they fail to carry out their various duties. Prospective non-executives are also advised to undertake their own due   diligence before taking on the role, satisfying themselves that the company is…

Review of the Role and Effectiveness of Non-Executive Directors

Overview The Review further develops the UK framework of corporate governance, which commenced in earnest with the publication of the Cadbury report in 1992 and was taken forward by the Greenbury, Hampel and Turnbull reports. It forms part of a systematic re-appraisal, across leading market economies, of the adequacy of corporate governance arrangements in the…

FRC – Guidance for Boards and Board Committees

Overview The FRC issues guidance and other publications to assist boards and board committees in considering how to apply the UK Corporate Governance Code to their particular circumstances. These publications cover board effectiveness, audit committees, risk management, internal control and related financial and business reporting.   Click here to find out more   (more…)