Second tranche of draft UK Listing Rules published

The Financial Conduct Authority (FCA) has published a full draft of the new UK Listing Rules as part of its overhaul of the UK listing regime. The draft instrument includes the second tranche of rules that were referenced, but not set out, in its consultation paper CP 23/31. CP 23/31 contained the FCA’s proposals for a radical reset … Read more

IA publishes letter to Chairs of Remuneration Committees

The Investment Association has published its annual letter to chairs of FTSE 350 Remuneration Committees on key issues for investors in relation to remuneration ahead of the 2024 AGM season. The IA is still reviewing its Principles of Remuneration, following discussions held with a number of FTSE 350 companies, and it will publish the updated Principles later … Read more

PLSA Stewardship & Voting Guidelines 2024

The Pensions and Lifetime Savings Association (PLSA) has published its Stewardship & Voting Guidelines 2024, which set out the PLSA’s views and voting recommendations on key issues. Key new issues covered in the 2024 guidelines include: Cybersecurity – the guidelines note that both the shift to remote working and the geopolitical situation have increased cybersecurity risks and … Read more

Our podcasts on shaping and challenging policy

Our public law team has released two podcasts on shaping and challenging policy. In a year in which we expect a general election, companies will be thinking about what policies the UK political parties will be proposing in their manifestos and the potential impact on their business. Part 1 looks at the formal and informal ways … Read more

Updated FRC guidance to support the 2024 Governance Code

The Financial Reporting Council (FRC) has published updated guidance to support the revised 2024 UK Corporate Governance Code, which will apply to financial years beginning on or after 1 January 2025 (see our blog post for more details). The updated guidance combines and replaces the three separate FRC guidance notes which accompany the 2018 edition of the Governance Code, … Read more

CGI sample terms of reference for board ESG/sustainability committees

The Chartered Governance Institute (CGI – formerly known as ICSA) has published sample terms of reference for board ESG/sustainability committees. The terms of reference can be downloaded from the members’ section of the CGI website. Companies are not required to have an ESG committee at board level under the UK Corporate Governance Code (nor will it … Read more

FSR GLOBAL OUTLOOK 2024: FINDING SOLID GROUND AS THE BEDROCK SHIFTS

We are delighted to share our global FSR Outlook 2024: Finding solid ground as the bedrock shifts.  In 2024, the character of change facing the financial industry is more foundational – or fundamental – in nature than ever before. From ESG to AI, the shape of the world we live in is changing in a radical way. … Read more

FRC publishes revised version of the Governance Code

The Financial Reporting Council has published a revised version of the UK Corporate Governance Code following the consultation that it launched in May 2023 (for more details, see our blog post here).  As trailed by the FRC in an announcement in November last year, the scope of the changes being introduced by the revised Governance … Read more

Preparing your annual report and AGM notice in 2024

A key focus for many UK listed companies at this time of year is finalising their annual report and preparing for their annual general meeting. This snapshot summarises the key developments arising over the last 12 months which impact the annual report published in 2024 and the forthcoming AGM. The snapshot also highlights other hot topics and developments … Read more