Tag Archives: corporate governance
The Department for Business, Energy and Industrial Strategy (BEIS) has published its response paper on UK corporate governance reform. The response paper follows the green paper which it published in November 2016 seeking views on reform measures.
The last half of 2016 saw a number of developments in the corporate governance field, kicked off by Theresa May's leadership campaign speech and followed by a Select Committee inquiry and government consultation. One of the key proposals was to … Continue reading
UK: Government announcements – workers’ rights post Brexit, employee representation on boards, employment of foreign workers, and review of modern employment practices
At the Conservative Party conference, Theresa May announced plans to repeal the 1972 European Communities Act, which gives direct effect to EU law in the UK, and to transpose all existing EU laws into domestic legislation. She also promised that … Continue reading
The Business, Innovation and Skills ("BIS") Select Committee announced on Friday that it is launching an inquiry into corporate governance, focussing on executive pay, directors duties and boardroom composition, including employee representation and increasing the number of women in executive … Continue reading
The GC100 and Investor Group has published a revised version of its guidance on directors’ remuneration reports and policies, which all UK incorporated companies listed on the LSE, in any EEA state or on NYSE or NASDAQ are required to … Continue reading
UK: Senior Managers, Certification and Conduct Rules – a new regulatory regime for individuals in banking
The final report of the Parliamentary Committee on Banking Standards criticised not just the "firewall of accountability" around senior individuals within banks but also the regime designed to regulate them.
In a review of the Voluntary Code of Conduct for Executive Search firms, published on 4 March 2014, Charlotte Sweeney considers whether the Code continues to have a positive impact on the board recruitment process and makes recommendations to improve … Continue reading
Cranfield School of Management has published its latest report on Women on Boards. As well as setting out the most recent figures for the percentage of women holding directorships amongst the FTSE 350, the report includes details on how FTSE … Continue reading
Paul Ellerman, Mark Ife and Jemima Coleman explain the new regime for disclosure and shareholder approval of directors' remuneration for listed companies in this article, first published in the October 2013 edition of PLC Magazine. The new regime applies to … Continue reading
EU: Gender Balance on Company Boards – draft EU Directive “does not go far enough” argues the Committee on Economic and Monetary Affairs
As previously reported, the European Commission adopted a proposal for a gender Directive which plans to introduce a 40% “minimum objective” for the proportion of female non-executive directors (“NEDs”) on EU listed companies, and the Directive passed the subsidiarity test … Continue reading