Weekly highlights

Weekly highlights

Each week, we provide a weekly highlights newsletter featuring the latest key news stories (organised on a topic basis), as well as upcoming dates

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Latest Corporate News

QCA publishes new suite of boardroom guides

The Quoted Companies Alliance (QCA) has published a new suite of boardroom guides, including updated versions of its Remuneration Committee Guide and Audit Committee Guide, along with its first-ever Nomination Committee Guide. The guides are designed to support growing companies in developing best practices that attract and retain investors while building long-term value. They complement the QCA's Corporate Governance Code, refreshed in 2023, and the Environmental and Social Guide issued in December 2024. The guides provide flexible governance frameworks for companies listed on AIM, Aquis and the Main Market, as well as for private companies seeking to enhance their governance standards.

Takeover Panel proposes reforms to address dual class share structures, IPO disclosures and share buybacks

Corporate analysis: The Takeover Panel (Panel) has published a consultation paper, PCP 2025/1, proposing amendments to the Takeover Code (Code) to address the regulatory treatment of dual class share structures (DCSS), clarify disclosure obligations at IPO, and simplify the rules governing share buybacks. The proposals aim to modernise the Code in light of recent market developments, particularly the FCA’s introduction of the UK Listing Rules, and to ensure that the Code continues to provide fair and effective protection to shareholders.

ISSB consults on amendments to SASB Standards and IFRS S2 guidance

The International Sustainability Standards Board (ISSB) has published two exposure drafts proposing amendments to the Sustainability Accounting Standards Board (SASB) Standards and consequential amendments to the industry-based guidance on implementing International Financial Reporting Standard 2 (IFRS S2). The proposals include: (1) a comprehensive review of nine priority industries (all eight industries within the extractives and minerals processing sector and the processed foods industry); (2) metric alignments across 41 additional industries covering topics such as water management and workforce health and safety; and (3) updates to the IFRS 2 industry-based guidance to maintain alignment with climate-related content in the SASB standards. Final amendments are expected in 2026, subject to stakeholder feedback. Before the end of 2025, the ISSB will also publish exposure drafts for proposed enhancements to three further SASB Standards: electric utilities and power generators, and two standards in the food and beverage sector. It will consider an additional group of industries for prioritisation for future enhancements later in 2025.

Takeover Panel launches consultation on dual class shares, IPOs and buybacks

The Code Committee of the Takeover Panel has published a public consultation paper (PCP 2025/1), seeking views on proposed amendments to the Takeover Code relating to dual class share structures, initial public offerings (IPOs) and share buybacks. Following the consultation, the Committee will publish a Response Statement setting out the final amendments to the Code. The consultation closes on 26 September 2025.