Archive
Governance of companies
Corporate governance reform
- Allen & Overy response: BEIS Select Committee inquiry on corporate governance (November 2016)
- Auditor Regulation: Consultation on the technical legislative implementation of the EU Audit Directive and Regulation - Summary of responses and Government response (May 2016)
- BEIS corporate governance reform consultation: government response (August 2017)
- BEIS Corporate Governance Reform Green Paper (November 2016)
- BEIS Insolvency and Corporate Governance consultation – Government response (August 2018)
- BEIS Insolvency and Corporate Governance consultation (March 2018)
- BEIS Select Committee inquiry: corporate governance (September 2016)
- BEIS: Future of Audit (oral evidence) (February 2019)
- BEIS: Independent review of the Financial Reporting Council - initial consultation on recommendations (March 2019)
- BEIS: Insolvency and Corporate Governance consultation (March 2018)
- BEIS: Stakeholder perceptions of non-financial reporting (October 2019)
- BIS consultation on implementation of EU Audit Directive and Regulation (October 2015)
- BIS consultation on new structure for narrative reporting in the UK and draft Companies Act (Strategic Report and Directors' Report) Regulations 2013 (October 2012) – this consultation closed on 15 November 2013.
- BIS's consultation on a new reporting framework for narrative reporting (September 2011)
- Business, Energy and Industrial Strategy (BEIS) Select Committee inquiry: corporate governance (September 2016)
- Department for Business, Energy and Industrial Strategy Corporate Governance Reform Green Paper (November 2016)
- Draft Statutory Auditors and Third Country Auditors Regulations 2016 (May 2016)
- FCA: Consultation on proposals to improve shareholder engagement (January 2019)
- FRC Consultation: Proposed Revisions to the UK Corporate Governance Code (December 2017)
- House of Commons BEIS Select Committee: Corporate Governance Report (April 2017)
- Independent Review of the FRC (December 2018)
- Independent Review of the FRC: letter from Sir John Kingman to Rt Hon Greg Clark (December 2018)
- The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018
- The Companies, Partnerships and Groups (Accounts and Non-Financial Reporting) Regulations 2016 (SI 1245/2016) (December 2016)
- The Companies, Partnerships and Groups (Accounts and Non-Financial Reporting) Regulations 2016 (SI 1245/2016) – Explanatory memorandum (December 2016)
- The Statutory Auditors and Third Country Auditors Regulations 2016 – Explanatory memorandum (June 2016)
- The Statutory Auditors and Third Country Auditors Regulations 2016 (SI 2016/649) (June 2016)
- The Statutory Auditors and Third Country Auditors Regulations 2017 (SI 2017/516) (April 2017)
- The Statutory Auditors and Third Country Auditors Regulations 2017 (SI 2017/516) – Explanatory memorandum (April 2017)
Diversity
- BIS inquiry into women in the workplace (June 2013)
- Equality and Human Rights Commission report - Business and human rights: a five step-guide for company boards (May 2016)
- Equality and Human Rights Commission: How to improve board diversity: a six-step guide to good practice (March 2016)
- Equality and Human Rights Commission: Inquiry into fairness, transparency and diversity in FTSE 350 board appointments (March 2016)
- FTSE Russell launches FTSE Women on Boards Leadership Index Series (February 2018)
- Hampton-Alexander Review: FTSE Women Leaders – Improving Gender Balance in FTSE Leadership (November 2018)
- Hampton-Alexander Review: FTSE Women Leaders – Improving Gender Balance in FTSE Leadership (November 2019)
- Hampton-Alexander Review: FTSE Women Leaders: Improving gender balance - 5 year summary report (February 2021)
- Lord Davies' letter to company secretaries of FTSE 350 companies to encourage companies and their chairman to set out aspirational goals for the number of women on boards by September 2011 as recommended in the Davies' report (May 2011)
- Lord Davies report women on boards (April 2015)
- Lord Davies' report Women on boards (February 2011)
- Lord Davies' report Women on boards (March 2012)
- Lord Davies women on boards review – five year summary (October 2015)
- Lord Davies’ report Women on boards (April 2013) and Female FTSE Board Report 2013 from Cranfield School of Management
- Lord Davies’ report Women on boards (April 2015)
- Lord Davies’ report Women on boards (March 2014) and Female FTSE Board Report 2014 from Cranfield School of Management
- Mind the gap: Gender pay gap reporting (March 2016)
- The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (SI 172/2017) (February 2017)
- The McGregor-Smith review: Race in the workplace (March 2017)
- Women on boards – benchmarking adoption of the 2012 Corporate Governance Code(November 2013)
Chartered Governance Institute (formerly ICSA)
- ICSA consultation: The practice of minuting meetings (May 2016)
- ICSA response to FRC discussion paper: UK board succession planning (February 2016)
- ICSA/ EY joint report: The nomination committee – coming out of the shadows (May 2016)
- ICSA: Challenges to effective board reporting (December 2017)
- ICSA: Good practice for annual reports (May 2015)
- ICSA: The future of governance: Untangling corporate governance Report (February 2017)
- ICSA: The Governance Institute calls for fresh boardroom thinking (July 2016)
IoD
- IoD briefing: What is a director? (June 2015)
- IoD report: Reforming Corporate Governance: Enhancing Britain’s competitive advantage (May 2017)
- IoD report: The Great Governance Debate – Towards a Good Governance Index for Listed Companies (June 2015)
- IoD welcomes Theresa May’s focus on Corporate Governance (July 2016)
Institutional shareholder guidance and reports
- ecoDa/PwC: Guidance for audit committees (June 2016)
- FRC: Pre-Emption Group expectations for disapplication thresholds (March 2018)
- Glass Lewis UK Proxy Paper Guidelines 2020 (November 2019)
- IA Public Register (December 2017)
- IA: Good Stewardship Guide 2020(March 2020)
- ICSA and the Investment Association: strengthening representation of stakeholder views (January 2017)
- ICSA: Challenges to effective board reporting (December 2017)
- Investment Association and ICSA: The Stakeholder Voice in Board Decision Making (September 2017)
- Investment Association letter to FTSE Chairman: Board oversight of profit expectations and dividend policy (May 2016)
- Investment Association public position statement: Quarterly reporting and quarterly earnings guidance (November 2016)
- Investment Association Public Register (December 2017)
- Investment Association Share Capital Management Guidelines (July 2016)
- Investment Association: Guidelines on Viability Statements (November 2016)
- Investment Association: Investors to target pension perks and poor diversity in 2019 AGM season (February 2019)
- Investment Association: Letter to Remuneration Committees (November 2018)
- Investment Association: Principles of Remuneration (July 2016)
- Investment Association: Principles of Remuneration (November 2018)
- Investment Association: Principles of Remuneration 2016 (October 2016)
- Investment association: Shareholder Priorities for 2020 – Supporting Long Term Value in UK Listed Companies(January 2020)
- ISS Corporate Governance Policy and Voting Guidelines 2018 (January 2018)
- ISS Proxy Voting Guidelines updates for 2020 (November 2019)
- ISS Corporate Governance Policy and Voting Guidelines 2018 (January 2018)
- ISS statement: UK/Ireland Policy and European Policy on Virtual/Hybrid Shareholder Meeting Proposals (December 2017)
- ISS 2019 EMEA Proxy Voting Guidelines (November 2018)
- ISS: 2020 Climate Policy Recommendations: International Climate Proxy voting Guidelines(March 2020)
- LAPFF Annual Report 2017 (January 2018)
- LAPFF Quarterly Engagement Report Q1 2018 (March 2018)
- PLSA 2019 Corporate Governance Policy and Voting Guidelines (January 2019)
- PLSA Corporate Governance Policy and Voting Guidelines 2018 (January 2018)
- PLSA AGM Voting Review (January 2018)
- PLSA AGM Voting Review (January 2019)
- PLSA: Corporate Governance Policy and Voting Guidelines (January 2018)
- PLSA: ESG and Stewardship: A Practical Guide to Trustee Duties (June 2019)
- PLSA: Stewardship Guide and Voting Guidelines 2020(February 2020)
- PLSA: Stewardship Toolkit for Pension Funds (July 2016)
- Pre-Emption Group Monitoring Report (May 2016)
- Pre-Emption Group: Monitoring Report (May 2016)
- Pre-Emption Group: Monitoring Report 2017 (May 2017)
- Pre-Emption Group: Template resolutions for the disapplication of pre-emption rights complying with the Pre-Emption Group’s Statement of Principles (May 2016)
- The Investment Association Principles of Remuneration 2016 (July 2016)
FRC
FRC guidance
- Best practice guide to Audit Tendering (July 2013)
- FRC guidance for audit committees (May 2015)
- FRC Guidance: Year-end advice to preparers - larger listed companies (December 2015)
- FRC: Guidance on Audit Committees (April 2016)
- Guidance for directors of banks on solvency and liquidity risk management and the going concern basis of accounting (November 2013)
- Guidance on Board Effectiveness (March 2011)
- Guidance on the Strategic Report (June 2014)
- What constitutes an explanation under 'Comply or Explain' (February 2012)
FRC: other materials
- ABI report on board effectiveness (December 2012)
- FRC annual report on developments in Corporate Governance and Stewardship (January 2016)
- FRC Annual Review of Corporate Reporting 2015/2016 (October 2016)
- FRC Audit & Assurance Lab: Audit Committee Reporting (December 2017)
- FRC Audit & Assurance Lab: Audit Committee Reporting (December 2017)
- FRC Consultation: Proposed Revisions to the UK Corporate Governance Code (December 2017)
- FRC Consultation: Proposed Revisions to the UK Corporate Governance Code (December 2017)
- FRC Consultation: The Wates Corporate Governance Principles for Large Private Companies (June 2018)
- FRC Corporate Culture and the Role of Boards: Report of Observations (July 2016)
- FRC Corporate Reporting 2015
- FRC Discussion Paper: Improving the quality of reporting by smaller listed and AIM quoted companies (June 2015)
- FRC discussion paper: Improving the quality of reporting by smaller listed and AIM quoted companies (June 2015)
- FRC Discussion Paper: UK Board Succession Planning – Feedback Statement (May 2016)
- FRC Discussion Paper: UK Board Succession Planning – Feedback Statement (May 2016)
- FRC Discussion Paper: UK Board Succession Planning (October 2015)
- FRC Feedback Statement: Amendments to Guidance on the Strategic Report (July 2018)
- FRC Feedback Statement: The Wates Corporate Governance Principles for Large Private Companies (December 2018)
- FRC Financial Reporting Lab: Risk and viability reporting (November 2017)
- FRC lab project report: Disclosure of dividends – policy and practice (November 2015)
- FRC letter to investors: Shareholder meeting season (March 2016)
- FRC to review the UK Corporate Governance Code (February 2017)
- FRC: Advice for preparing 2017/18 annual reports (October 2017)
- FRC: Annual Review of Corporate Governance and Reporting 2017/2018 (October 2018)
- FRC: Annual review of corporate reporting 2016/17 (October 2017)
- FRC: Annual Review of Corporate Reporting 2018/2019 (October 2019)
- FRC: Annual Review of the UK Corporate Governance Code (January 2020)
- FRC: Audit Tenders – Notes on best practice (February 2017)
- FRC: Audit Tenders – Notes on best practice (February 2017)
- FRC: Clear & Concise: Developments in Narrative Reporting (December 2015)
- FRC: Corporate Reporting Review Briefing (June 2018)
- FRC: Corporate Culture and the Role of Boards: Report of Observations (July 2016)
- FRC: Culture Project (October 2015)
- FRC: Developments in Corporate Governance and Stewardship 2016 (January 2017)
- FRC: Developments in Corporate Governance and Stewardship 2016 (January 2017)
- FRC: Disclosure of dividends – policy and practice (November 2015)
- FRC: Non-Financial Reporting Directive Factsheet (July 2017)
- FRC: Reminders for half-yearly and annual financial reports following the EU referendum (July 2016)
- FRC: Reminders for half-yearly and annual financial reports following the EU referendum (July 2016)
- FRC: Year end advice to preparers (October 2016)
- PEG: Pre-Emption Group extends additional flexibility for equity placings (September 2020)
Covid-19
- BEIS/FRC: Q&A: Measures in respect of Company filings, AGMs and other general meetings during Covid-19 (April 2020)
- BEIS/FRC: Q&A: Measures in respect of Company filings, AGMs and other general meetings during Covid-19 (May 2020)
- ESMA: Public Statement: Implications of the COVID-19 outbreak on the half-yearly financial reports (20 May 2020)
- FCA and FRC joint statement reminding companies that extended financial information timelines continue to apply (January 2021)
- FCA: Primary Market Bulletin 31: Extension of financial reporting deadlines concession (November 2020)
- FRC: AGMs and impact of Covid-19 (in association with ICSA, Chartered Governance Institute, CG100, QCA, IA and Slaughter and May) (March 2020)
- FRC: AGMs and impact of Covid-19: Supplement (in association with ICSA, Chartered Governance Institute, CG100, QCA, IA, Slaughter and May, Linklaters, Freshfields Bruckhaus Deringer and Clifford Chance) (March 2020)
- FRC: Company Guidance: COVID-19 Pandemic (May 2020)
- FRC: Statement issued on behalf of the Pre-Emption Group: Additional flexibility on non-pre-emptive issuances to end on 30 November 2020 (20 November 2020)
- ICAEW: Guidance: Coronavirus: (COVID-19): considering going concern (May 2020)
- ICSA/Chartered Governance Institute: Guidance: Withdrawal or amendment of dividend resolution to AGMs (April 2020)
- Investment association: Letter to FTSE 350 Chairs (April 2020)
- ISS: Policy Guidance: COVID-19 pandemic (April 2020)
- PEG: Pre-Emption Group expectations for issuances in the current circumstances (April 2020)
- ShareAction: Letter to FTSE 100 Chairs (April 2020)
EU Actions
Shareholder rights directive
Executive Renumeration
Directors’ Remuneration Policy and Report
- GC100 and Investor Group: Directors' Remuneration Reporting Guidance: 2015 Statement (December 2015)
- GC100 and Investor Group: Directors' Remuneration Reporting Guidance: 2014 Statement (December 2014)
- GC100 and Investor Group published: Directors’ Remuneration Reporting Guidance (September 2013)
- Remuneration Voting 2015 AGM Season (September 2015)
- Remuneration Voting - 2014 AGM Season (September 2014)
Remuneration Consultants
Investors
UK Stewardship Code
- FRC: Developments in Corporate Governance and Stewardship 2016 (January 2017)
- FRC: Developments in Corporate Governance and Stewardship 2015 (January 2016)
- FRC: Developments in Corporate Governance and Stewardship 2014 (January 2015)
- FRC: Developments in Corporate Governance and Stewardship 2013 (December 2013)
- FRC: Developments in Corporate Governance and Stewardship 2012 (December 2012)
- Revisions to the UK Stewardship Code (September 2012)
- The UK Stewardship Code (September 2012)
Kay Review of equity markets and long-term decisions making – commissioned by BIS
- Call for evidence (December 2012)
- Government progress report on the implementation of the Kay Review (October 2014)
- Government response to Select Committee report on Kay Review (November 2013)
- Government response to the Kay Review (Ensuring equity markets support long-term growth) (November 2012)
Publications
- At a glance: Remuneration structure and clawback for material risk takers (MRTs) (September 2014
- Banking pay reform: what’s coming up? (November 2014)
- Clawback and remuneration changes: planning ahead (August 2014)
- EBA clears properly structured fixed pay allowances (October 2014)
- EBA’s draft remuneration guidelines: Headline issues for UK firms (March 2015)
- European Banking Authority’s final remuneration Guidelines and Opinion on proportionality: Headline issues (December 2015)
- European Banking Authority Final Guidelines on sound remuneration policies (December 2015)
- European Banking Authority’s final remuneration Guidelines and Opinion on proportionality: Headline issues (December 2015)
- European Banking Authority Opinion on the application of proportionality (December 2015)
- FCA and PRA Senior Managers and Certification Regime – March 2016 implementation date announced (March 2015)
- Final PRA and FCA remuneration rules (June 2015)
- Modern Slavery Act – Preparing for greater supply chain transparency (September 2015)
- Modern Slavery Act – Preparing for greater supply chain transparency (September 2015)
- New transparency requirements on payments to Governments take effect in the UK (January 2015)
- Remuneration Voting 2015 AGM Season (September 2015)
- Remuneration Voting - 2014 AGM Season (September 2014)
- Share capital authorities and voting results: market data from the 2015 AGM season (October 2015)
- Take Stock: Fixed Pay Allowances (November 2015)
- The register of people with significant control: The Allen & Overy flowchart (February 2016)
