The Upper Tribunal has upheld the FCA’s decision that the CEO and CFO of Metro Bank were knowingly concerned in the Bank’s breach of the Listing Rules....more
6/19/2025
/ Banking Sector ,
Board of Directors ,
Corporate Governance ,
Corporate Misconduct ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Penalties ,
Personal Liability ,
Publicly-Traded Companies ,
Tribunals ,
UK
Here are the key action points from the ECCTA 2023 changes which come into force on 4 March...more
The Quoted Companies Alliance (QCA) has published a revised corporate governance code (Code). The Code is still based around 10 Principles but has been updated to keep pace with evolving investor expectations, particularly...more
Following on from its earlier consultation, the Code Committee of the Takeover Panel has published its amendments to Rule 21 of the Code which take effect on 11 December 2023 and apply to on-going transactions which straddle...more
Following a series of accounting and audit scandals in recent years and what has been described as a “crisis of trust”, the UK Government, regulatory bodies, and institutional investor groups have set out to reform the UK’s...more
10/12/2023
/ Audits ,
Board of Directors ,
Climate Change ,
Corporate Governance ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
Financial Reporting ,
Financial Reporting Council (FRC) ,
Greenhouse Gas Emissions ,
Institutional Investors ,
Proxy Advisors ,
Proxy Statements ,
Reporting Requirements ,
UK ,
UK Regulatory Reforms
An update report from the Parker Review on Ethnic Diversity highlights that 96% of FTSE 100 companies have met the target of at least one minority ethnic director on their boards. FTSE 250 companies are making progress...more
Five years on significant progress has been made in reaching the goal of “At Least One by 21” (ie. every FTSE 100 company to have at least one person from a minority ethnic group on its board). At the end of 2021, 89 FTSE 100...more
The Government has published its long-awaited White Paper on the reform of the UK’s audit, corporate reporting and corporate governance system including a package of measures aimed at improving the UK’s audit, corporate...more
3/19/2021
/ Audits ,
Board of Directors ,
Consultation ,
Corporate Governance ,
Financial Conduct Authority (FCA) ,
Internal Controls ,
Proposed Regulation ,
Public Interest Entities ,
Publicly-Traded Companies ,
Reporting Requirements ,
UK ,
UK Companies Acts ,
White Papers
The Investment Association (IA) has published its Shareholder Priorities for 2021 setting out investor expectations on (i) climate change (ii) audit quality (iii) stakeholder engagement and (iv) diversity. This year there is...more
Despite the cash box being a structure which has seldom been used since March 2015 due to concerns raised by investor bodies, the urgent need for cash in uncertain times may lead to a revival of this once popular...more
The UK Corporate Governance Code 2018 focusses on the importance of diversity and succession planning. In this article we look at the current requirements, compliance and examine some of the issues companies should consider...more
This year companies have to report for the first time on how the directors have considered stakeholder interests and how the employee voice is reflected in the boardroom. This article examines the new reporting requirements...more
2020 will see companies report against the 2018 UK Corporate Governance Code for the first time. Amongst other things, companies will need to explain the methods used for workforce engagement and provide clear explanations...more
1/30/2020
/ Annual Reports ,
Beneficial Owner ,
Board of Directors ,
Diversity ,
Energy Efficiency ,
Environmental Social & Governance (ESG) ,
Equal Pay ,
Insolvency ,
Libor ,
Merger Controls ,
Mergers ,
Publicly-Traded Companies ,
Reporting Requirements ,
State and Local Government ,
UK