Corporate weekly highlights—6 April 2017

Corporate weekly highlights—6 April 2017
Welcome to the weekly highlights from the Lexis®PSL Corporate team for the week ending 6 April 2017, which provide news updates and a comprehensive list of dates for your diary. This week’s edition features: the BEIS Committee’s recent report on corporate governance; the FRC’s revision of operating procedures for reviewing corporate reporting; a review of sanctions imposed under the FRC's enforcement procedures; the European Council’s adoption of an amending directive on shareholders’ rights; the FCA’s 17th edition of its Primary Market Bulletin; the CLLS’s response to the MoJ’s call for evidence on corporate liability for economic crime; and the news that the EU seeks to ensure the UK's 'orderly withdrawal'. It also covers three analysis pieces on the forthcoming changes to the criminal money laundering regime, as well as recent cases, Dickinson v NAL Realisations Ltd and Born London v Spire Production Services. 
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)

Corporate governance

BEIS Committee Report–Businesses must shape up on corporate governance to restore public trust

Immediate action must be taken by businesses on corporate governance, executive pay—including long-term incentive plans (LTIPs)—and boardroom diversity in order to address a growing lack of trust by the public in business, according to a report published by the House of Commons Business, Energy and Industrial Strategy (BEIS) Committee.

The report, while recognising the overall strength of the UK corporate governance system, notes the damage caused to the public’s confidence in recent years by high-profile failings and a dramatic ratcheting up of executive pay, while pay growth for the majority of UK workers is stagnant.

The BEIS Committee recommends a series of actions on executive pay, as well as: a new and stronger voluntary code of governance for private companies; better reporting

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