The New Corporate Governance Code & Stakeholder Reporting - All You Need to Know
Recent years have seen significant corporate governance reforms with revised codes of corporate governance for both listed and AIM companies and new stakeholder reporting legislation affecting not just companies trading on a market, but medium-sized, large and very large private companies.
The new 2018 UK Corporate Governance Code for listed companies came into force from 1 January 2019: reporting against the revised code is not due to appear until 2020, but one provision applied from 1 January 2019 and companies would be wise to consider the consequences for their governance structure as soon as possible.
To align with the FRC’s new focus on culture and stakeholder voice, and with amended AIM Rule 26, the Quoted Companies Alliance (QCA) also revised their code in March 2018. AIM Rule 26 has significantly increased the corporate governance explanations required by AIM companies and most companies on this market are applying the QCA Code.
These code reforms have come about at the suggestion of the Government, following their review of Corporate Governance in 2016/17 and a consultation in 2017/2018. As part of the Government’s Corporate Governance review, the Government has also implemented other key reforms which include additional stakeholder reporting obligations for quoted companies but also for ‘very large’, ‘large’ and ‘medium-sized’ companies.
This course will explore all you need to know about the new 2018 FRC Corporate Governance Code, the QCA Code, the Wates Principles for Large Private Companies and the new stakeholder reporting legislation together with connected guidance.
What You Will Learn
This course will consider:
- The backdrop to the new Code and the Government’s Corporate Governance Review
- How the 2018 Code compares with the previous Code
- Key areas of change e.g. executive remuneration, chair tenure, workforce engagement, whistleblowing, board diversity, smaller company exemptions
- Key considerations from the consultation and market opinion on the changes
- Supporting FRC guidance and other related guidance
- The new QCA Code and what it means for AIM companies
- The new stakeholder reporting requirements affecting the Directors’ Remuneration Report, Strategic Report and Directors’ Report under the Companies (Miscellaneous Reporting) Regulations 2018 including pay ratio reporting, the new ‘s.172 Statement’ and the new obligation on ‘very large’ companies to state which corporate governance code they follow
- The Wates Corporate Governance Principles for Large Private Companies
- Horizon-scanning: what's next?
- Action points for companies and what needs to be looked at now
- Examples of early reporting
- Delegates will receive materials designed to help navigate the code and legislation with a full list of weblinks to source material and useful articles
2:00pm - 5:15pm
Please let us know if you wish to be notified when new dates are added for this programme