Corporate Governance: EP3 – Reporting on stakeholders, decisions and section 172 statements

In this corporate governance podcast, we discuss the FRC Financial Reporting Lab’s recent report on stakeholders, decisions and Section 172 statements with Phil Fitzgerald, Director of the Financial Reporting Lab, and Marie Claire Tabone, Project Manager of the Financial Reporting Lab. The report sets out investors’ expectations in relation to disclosures on stakeholders, the impact … Read more

FCA consultation on diversity-related disclosures by listed companies

The Financial Conduct Authority (FCA) has published a consultation paper (CP21/24) on proposals to require premium and standard listed companies to make disclosures in relation to gender and ethnic diversity at board and executive management level. The consultation follows the publication earlier this year of the five year summary report of the Hampton-Alexander Review on … Read more

Corporate reporting – FRC Lab report on disclosures around stakeholders and decisions

The Financial Reporting Council’s Financial Reporting Lab has published a Report on stakeholders, decisions and Section 172 statements. The report sets out investors’ expectations in relation to disclosures on stakeholders and the impact of decisions on them and gives best practice examples. The requirement for companies to report on how directors have had regard to the matters … Read more

Half yearly corporate update – our latest briefing

We have published our half-yearly update briefing which summarises the major developments in UK corporate law and regulation that have occurred over the last six months, that is from January to June 2021, and which are of relevance to UK listed companies. The briefing is available here. Read more

ESG – our new climate change blog

We have launched a new climate change blog, Climate Change Notes, which will cover significant global developments in climate change regulation, policy and litigation, with a focus on the implications of developments for companies in various sectors and jurisdictions. Climate change has been identified as the central issue of the 21st century and recent years … Read more

Corporate governance – FRC report on workforce engagement

The Financial Reporting Council (FRC) has published a report on Workforce Engagement and the UK Corporate Governance Code: A Review of Company Reporting and Practice. The report considers the approaches taken to workforce engagement by FTSE 350 companies in light of the requirements introduced in the 2018 edition of the UK Corporate Governance Code (the … Read more

Corporate governance – Glass Lewis overview of Say on Climate votes

Glass Lewis has published a paper setting out its views on Say on Climate votes. The paper notes that “Say On Climate” votes, where listed company shareholders are given the opportunity to vote on climate-related proposals, are becoming an increasingly important part of the 2021 annual general meeting season. Both boards and shareholders are putting … Read more

Audit reform and corporate governance – our briefings on reforms to audit and corporate governance

As discussed in our last corporate update, BEIS has published its long-awaited consultation paper on audit and governance reform, Restoring trust in audit and corporate governance. It proposes fundamental reforms to the audit process, product and market. If implemented, the proposals would lead to considerable changes to the way that companies approach their financial statements … Read more