Corporate governance

Copyright © 2026 LexisNexis

Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. The responsibilities of the board include setting the company's strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship. The board's actions are subject to laws, regulations and the shareholders in general meeting.

The corporate governance environment in the UK has been evolving since the late 1980s following a number of high profile corporate scandals. In 1992, a committee chaired by Sir Adrian Cadbury issued the Cadbury Report on corporate governance. Over a number of years, the Cadbury Report and other recommendations were brought together into a single code of recommended corporate governance known as the UK Corporate Governance Code (UKCG Code), published by the Financial Reporting Council (FRC).

The corporate governance regime

Our Overview: The corporate governance regime—overview provides an outline of the essential

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Employment News

TPC publishes outcomes of consultations on changes to ET Rules and written reasons for decisions

The Tribunal Procedure Committee (TPC) on 3 February 2026 published the outcomes of two consultations relating to employment tribunals:

MoD loses appeal over army reservist's right of access to pension scheme

Law360: An appeals tribunal has rejected the Ministry of Defence (MoD)'s attempt to overturn a ruling that it treated a long-standing part-time army reservist less favourably than full-time personnel by excluding him from the army pension scheme.

DBT launches consultation on trade union recognition code and e-balloting practices

The Department for Business and Trade (DBT) has launched a consultation on 4 February 2026 seeking views on a revised draft code of practice governing access and unfair practices during trade union recognition and derecognition processes, which has been updated to reflect changes in the Employment Rights Act 2025 (ERA 2025). The changes to the Code relate broadly to the provision of earlier and clearer rights of union access, revised timetables and updated guidance aligned with modern working practices.

Rates and thresholds for employers 2026–27

HMRC has published the rates and thresholds for employers for 2026–27. The guidance summarises the 2026–27 rates and thresholds for employers operating a payroll or providing benefits and expenses to their employees. It includes figures and guidance on:

View Employment by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin
What is the difference between an appeal and a review?

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Glossary—Latin legal terms

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin