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

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

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

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

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

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

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

We have launched our first Corporate Governance Snapshot which is available here; this snapshot covers the new mandatory climate-related reporting by UK premium listed companies. Read more