Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
This week’s edition of Corporate highlights includes news of an independent review of the FRC, an update on the timing of the upcoming corporate governance reforms, the IMF’s findings on the use of tax havens by empty corporate shells and some news analysis on the Corporate Manslaughter and Corporate Homicide Act 2007.
The House of Commons Library has published a briefing paper, Corporate Governance Reform. Thebriefing paper provides an overview of the corporate governance framework in the UK, including the history of the UK Corporate Governance Code (UKCG Code) and the interaction of the UKCG Code with directors’ duties under the Companies Act 2006. Thepaper also provides an overview of the corporate governance reforms announced by the government in August 2017 and provides an update on timescales.
The reforms announced by the government in August 2017 included secondary legislation that would require quoted companies and large public and private companies to make additional corporate governance disclosures and the government initially intended to bring these legislative reforms into effect by June 2018 to apply to financial years beginning on or after that date. Draft secondary legislation was planned to be laid before Parliament before March 2018, but this has been delayed. Thegovernment has therefore indicated that it is now more likely that the reforms will apply to financial years beginning on or after 1 January 2019, to coincide with the implementation of the revised UKCG Code.
For further details on the government’s reforms, see Practice Note: 2017/2018 Corporate governance reforms. For further details on the FRC’s consultation on a revised UKCG Code, see News Analysis: FRC consultation on revised Corporate Governance Code.
For further information, see news, LNB News 06/06/2018 77.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234