The UK Corporate Governance Code – Part 2

August 8, 2018Non-Execs' ResponsibilitiesBy Liv Noble

In this blog, we focus on some selected points where the draft Code has been altered following the 2018 FRC consultation. Introduction to the Code The introduction to the new Code has been rewritten to reflect some of the broader social concerns behind governance reform, and to emphasise the need for effective governance to be implemented on a group-wide basis. Workforce engagement (Provision 5) The Government had originally noted three possible structures for a company to engage with its “workforce”: the appointment of a director directly from the workforce, a workforce advisory panel separate from the board, and the designation of a non-executive director with responsibility for

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