2016 UK Corporate Governance Code—Section B—Effectiveness
2016 UK Corporate Governance Code—Section B—Effectiveness

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

  • 2016 UK Corporate Governance Code—Section B—Effectiveness
  • Mini-index
  • Section B—Setting the scene
  • Section B.1—The Composition of the Board
  • Section B.2—Appointments to the Board
  • Section B.3—Commitment
  • Section B.4—Development
  • Section B.5—Information and Support
  • Section B.6—Evaluation
  • Section B.7—Re-election
  • more

This Resource Note outlines the main provisions of Section B of the UK Corporate Governance Code (UKCG Code), on 'Effectiveness', 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. Davies Report: Women on Boards published in February 2011

  3. Improving the Gender Balance on British Boards (October 2015)

  4. guidance issued by The Chartered Governance Institute (previously known as ICSA: The Governance Institute) (CGI)

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

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

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

  8. the Investment Association (IA)'s IA Principles of Remuneration 2019

  9. resources in the Corporate practice area

Mini-index

Section B—Setting the scene

Section B.1—The Composition of the Board

Section B.2—Appointments to the Board

Section B.3—Commitment

Section B.4—Development

Section B.5—Information and Support

Section B.6—Evaluation

Section B.7—Re-election

Section B—Setting the scene

In a nutshell... Section B covers the composition of the board, appointments to the board, time commitment, induction and development, information and support, evaluation