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 2018 UK Corporate Governance Code for listed companies came into force from 1 January 2019 with mandatory reporting due from 1 January 2020 but many companies have voluntarily reported early.
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 companies following this code (the majority), have been publishing these statements since September 2018.
These code reforms came about at the suggestion of the May Government, following their review of Corporate Governance in 2016/17 and a consultation in 2017/2018. As part of this 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 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, as well as highlighting market practice to date.
What You Will Learn
This course will consider:
- The background 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 and substantial voting opposition reporting
- 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 CEO pay ratio reporting, the 's.172 Statement' and the 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
- Examples of 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
10:00am - 4:30pm
Please let us know if you wish to be notified when new dates are added for this programme