Corporate reporting – BEIS consultation on climate-related disclosures by publicly quoted companies, large private companies and LLPs

The Department for Business, Energy and Industrial Strategy (BEIS) has launched a consultation on mandatory climate-related disclosures by publicly quoted companies, large private companies and limited liability partnerships (LLPs). Context of the proposed mandatory disclosure requirements The UK Government aims under its 2019 Green Finance Strategy for all listed companies and large asset owners to … Read more

Corporate reporting – government launches Modern Slavery Statement Registry

The government has announced the launch of the Modern Slavery Statement Registry. Once the relevant legislation has been passed (see below), it will become mandatory for organisations that are within the scope of section 54 of the Modern Slavery Act 2015 to submit a statement to the Registry. The Registry, which was launched following the … Read more

FRC report on improving “comply or explain” reporting

The Financial Reporting Council (FRC) has published a report on improving the quality of “comply or explain” reporting under the UK Corporate Governance Code. Where companies do not comply with a provision in the Code, they are required under the Listing Rules to disclose that and give the reasons for non-compliance (LR 9.8.6(6)). In its … Read more

Gender pay gap reporting deadline extended

The Equality and Human Rights Commission has announced that employers have an additional six months to report their gender pay gap information in light of the ongoing Covid-19 pandemic. The deadline for employers to report on their gender pay gap in respect of the 2020/21 reporting year is now 5 October 2021, rather than 4 … Read more

FCA and FRC statement on reporting deadlines

The Financial Conduct Authority (FCA) and Financial Reporting Council (FRC) have published a joint statement reminding issuers of the temporary relaxations to the usual timeframes for publication of the annual report and accounts in light of the ongoing Covid-19 pandemic. Under the relaxations, issuers have an additional two months to finalise their annual report and accounts (so they … Read more

Mandatory climate-related reporting briefing

Our latest briefing looks at the climate-related reporting regime that will apply to all premium listed companies from 2022. These companies will have to report in line with the Task Force on Climate-related Financial Disclosures’ (TCFD) Recommendations and the TCFD Recommended Disclosures on a comply or explain basis. Our briefing looks at the nature of … Read more

Investment Association statement on shareholder priorities

The Investment Association (IA) has published a document discussing its listed company shareholder priorities for 2021. The IA first published its shareholder priorities in January 2020. It focused on four key areas: climate change, audit quality, stakeholder engagement and employee voice and diversity (see our earlier blog post). The 2021 priorities document provides insights into the … Read more

Consolidated corporate Covid-19 update

This Covid-19 update briefing contains a summary of changes in corporate law and regulation made in the course of last year in connection with Covid-19. Please click here to see the briefing. Read more