Clifford Chance

BEIS Select Committee's Report on Corporate Governance

17 April 2017

The BEIS Select Committee (the Committee) published its report yesterday following its inquiry on corporate governance launched in September 2016 and BEIS's green paper published in November 2016. The inquiry focussed on three key areas: directors' duties, executive pay and composition of boards. The Committee does not believe that a radical overhaul of the law in relation to directors' duties or a change to the "comply or explain" approach under the UK Corporate Governance Code (the Code) is necessary but it does believe that there is scope for "significant improvements in order to address the changing nature of company ownership in a globalised economy".

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