2016 UK Corporate Governance Code—Section A—Leadership
2016 UK Corporate Governance Code—Section A—Leadership

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • 2016 UK Corporate Governance Code—Section A—Leadership
  • Mini-index
  • Section A—Setting the scene
  • Section A.1—The Role of the Board
  • Section A.2—Division of Responsibilities
  • Section A.3—The Chairman
  • Section A.4—Non-executive Directors
  • Notes

This Resource Note outlines the main provisions of Section A of the 2016 UK Corporate Governance Code (UKCG Code), on 'Leadership', and highlights relevant third party materials, guidance, commentary and analysis, as well as our own resources, to give practical guidance on its application.

Materials covered in this Resource Note include:

  1. the Financial Reporting Council (FRC)'s 2018 Guidance on Board Effectiveness

  2. guidance issued by The Chartered Governance Institute (previously ICSA: The Governance Institute) (CGI)

  3. the 2020 United Kingdom and Ireland Proxy Voting Guidelines published by Institutional Shareholder Services (ISS)

  4. the Stewardship Guide and Voting Guidelines 2020 published by the Pensions and Lifetime Savings Association (PLSA)

  5. the UK Shareowner Voting Guidelines, published by Pensions Investment Research Consultants Ltd (PIRC), available for purchase from PIRC's website

  6. the EY/IA joint report on Board effectiveness—continuing the journey

  7. resources in the Corporate practice area

Mini-index

Section A—Setting the scene

Section A.1—The Role of the Board

Section A.2—Division of Responsibilities

Section A.3—The Chairman

Section A.4—Non-executive Directors

Section A—Setting the scene

In a nutshell... Section A covers the key role of the board in ensuring the long-term success of the company, the division of responsibilities between running the board and running the business and the different roles of the chair, the senior independent director (SID)