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This week’s edition of Corporate highlights includes news of the government response to the call for evidence on the proposed beneficial ownership register of overseas companies, publication of the Financial Reporting Council’s three year strategy, an inquiry into gender pay gap and executive pay in the private sector and two pieces of case analysis.
The government has released its response to the call for evidence on proposals for a register showing beneficial ownership of overseas companies and other legal entities that own UK property or participate in UK government procurement. The document sets out how the government plans to implement the register in the light of responses received and views gained through the wider consultation process. It also outlines how policy proposals have developed since April 2017. The government plans to develop legislation to create the new register publishing a draft Bill for scrutiny in summer 2018 and intends that the register will be operational in 2021.
The government proposals include that:
For further information, see LNB News 23/03/2018 57.
The Financial Reporting Council (FRC) has published its three-year strategy for 2018–2021, outlining its priorities including a comprehensive update of the UK Corporate Governance Code
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