This briefing is the seventh in our series of briefings on corporate governance and is designed to provide a synopsis of topical corporate governance matters impacting companies in the United Kingdom. This briefing tracks...more
On 22 January 2024, the Financial Reporting Council (FRC) published its much-anticipated revisions to the UK Corporate Governance Code (the Code) which was followed on 29 January 2024 by revised guidance on the Code. In this...more
We have gathered and examined data from AGM Notices published by FTSE 350 companies since January 2024. We have set out the approach companies have taken on a number of key aspects of their meetings, including where the...more
On 22 January 2024, the Financial Reporting Council ("FRC") published its much-anticipated revisions to the UK Corporate Governance Code.
The publication of the 2024 UK Corporate Governance Code (“2024 Code”) follows a...more
This briefing is the sixth in our series of briefings on corporate governance and is designed to provide a synopsis of topical corporate governance matters impacting companies in the United Kingdom. This briefing tracks the...more
1/15/2024
/ Board of Directors ,
Capital Markets ,
Corporate Governance ,
Corporate Transparency Act ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Publicly-Traded Companies ,
Regulatory Reform ,
UK
Planning for the 2024 annual reporting season is underway. We summarise the key legislative changes affecting London-listed companies for the upcoming season along with best practice recommendations....more
11/1/2023
/ Annual Reports ,
Board of Directors ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Diversity ,
EU ,
Financial Conduct Authority (FCA) ,
Greenwashing ,
Policy Statement ,
Regulatory Reform ,
Remuneration ,
UK
Increased focus from investors, regulators, and employees on racial, ethnic and gender diversity has heightened scrutiny of public companies' commitments to diversity in their workforce and in particular on their...more
9/15/2023
/ Board of Directors ,
Corporate Governance ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Financial Conduct Authority (FCA) ,
Gender Equity ,
Listing Rules ,
Proxy Advisors ,
Reporting Requirements ,
Shareholders ,
UK ,
Woman Board Members
This briefing is the fifth in our series of briefings on corporate governance and is designed to provide a synopsis of topical corporate governance matters impacting companies in the United Kingdom. This briefing tracks the...more
8/4/2023
/ Beneficial Owner ,
Board of Directors ,
Corporate Governance ,
Corporate Transparency Act ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
Ethnicity ,
Financial Crimes ,
Financial Fraud ,
Foreign Corporations ,
Greenwashing ,
Ireland ,
UK
The Pre-Emption Group issued new guidelines in November 2022. The guidelines have increased the threshold for which companies may disapply pre-emption rights to 20% and have added a new flexibility whereby companies may...more
This briefing is the fourth in our series of briefings on corporate governance and is designed to provide a synopsis of topical corporate governance matters impacting companies in the United Kingdom. This briefing tracks the...more
This briefing is the third in our series of briefings on corporate governance and is designed to provide a synopsis of topical corporate governance matters impacting companies in the United Kingdom. This briefing tracks the...more
Key trends -
We are now over half way through the year and moving towards the end of the AGM season. The trends which we identified at the start of the year have generally continued. Most companies have chosen to hold a...more
Refinitiv, Q1 2022 Adviser Rankings, US law firms, September 2021 We continue to track the approach FTSE 350 companies are taking to the holding of their AGMs. We have set out in our snapshot the approach companies have taken...more
Key Trends:
◾ Since August 2021, AGMs where shareholders were actively encouraged not to attend have become less common. Most companies are instead holding their meetings with physical attendance neither actively...more
One -
Latest data from the Investment Association has shown investors plunged nearly four times the amount of cash into responsible investment funds in 2020 than they did in 2019. Responsible investment funds saw net...more
As companies look to plan their FY 2020 annual report and prepare for the 2021 AGM season, we have reflected on our experience in 2020. We summarise below key learnings and what we think will undoubtedly be on the agenda and...more
10/27/2020
/ Annual Meeting ,
Annual Reports ,
CIGA ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Diversity ,
Environmental Social & Governance (ESG) ,
Executive Compensation ,
Pensions ,
Publicly-Traded Companies ,
Remuneration ,
Shareholder Activism ,
Shareholder Proposals ,
Shareholder Votes ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK ,
UK Insolvency Act
On 6 October 2020, the Financial Reporting Council ("FRC") published a report on the holding of annual general meetings ("AGMs") by FTSE 350 companies between 10 March - 30 July 2020 following the start of the COVID-19...more
On 20 March 2020, the UK Government published its Corporate Insolvency and Governance Bill (the "Bill") which amends certain aspects of current insolvency and governance legislation to provide businesses with the flexibility...more
Since our last Client Alert on Practical considerations: the impact of COVID-19 on the holding of annual general meetings, the UK Government has issued its compulsory "Stay at Home Measures" prompting ICSA to issue...more
The steps recommended by the Government to combat the effects of the Coronavirus ("COVID-19"), in particular the recommendation to avoid large public gatherings, are likely to have an impact on the format of annual general...more