19 July 2018
On 16 July 2018, the FRC published an updated version of the UK Corporate Governance Code (Code), which will apply to financial years starting on or after 1 January 2019. Alongside it, the FRC also published its updated Guidance on Board Effectiveness (Guidance) which contains suggestions of good practice to support directors and their advisers in applying the Code. All companies with a premium listing (whether UK incorporated or not) are required to report annually, on a "comply or explain" basis, against the Code.
A 'shorter, sharper' UK Corporate Governance Code