Corporate weekly highlights—13 April 2017

Corporate weekly highlights—13 April 2017

Welcome to the weekly highlights from the Lexis®PSL Corporate team for the week ending 13 April 2017, which provide news updates and a comprehensive list of dates for your diary. This week’s edition features news of: the coming into force of new rules on gender pay gap reporting, the publication of the PIRC UK Shareowner Voting Guidelines 2017; a recent poll on stakeholder engagement; updated ICAEW and ICAS guidance on realised and distributable profits; Companies House’s updated guidance on filing accounts; a proposed public beneficial ownership register for overseas entities holding UK property; the impact of the Insolvency (England and Wales) Rules 2016; and ESMA’s updated Q&As on AIFMD and UCITS. There is also analysis of the Supreme Court case, Wood v Capital Insurance Services, concerning contractual interpretation.

This update is part of the Lexis®PSL Corporate team’s news offering. Some of the links require a LexisPSL subscription. If you are not a subscriber, you can take a free trial here.

Headlines (News updates & analysis)

Gender pay gap

Gender pay gap reporting comes into force

New legislation has come into force which requires private and public sector employers with 250 or more employees to publish their gender pay gap figures by April 2018. The government hopes the requirements will help ‘break the glass ceiling’ and create a more modern workforce. The regulations will cover approximately 9,000 employers and over 15 million employees, representing nearly half of the UK’s workforce.

As part of the new regulations, employers will be required to publish: their median and mean gender pay gap figures, the proportion of men and women in each quartile of the pay structure, and the gender pay gaps for any bonuses paid out during the year.

For details see news, LNB News 06/04/2017 126.

Corporate governance

PIRC UK Shareowner Voting Guidelines 2017 published

Pensions and Investment Research Consultants Ltd (PIRC) have published their UK Shareowner

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