2016 UK Corporate Governance Code—Section E—Relations with Shareholders
2016 UK Corporate Governance Code—Section E—Relations with Shareholders

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

  • 2016 UK Corporate Governance Code—Section E—Relations with Shareholders
  • Mini-index
  • Section E—Setting the scene
  • Section E.1—Dialogue with Shareholders
  • Main Principle E.1
  • Supporting Principles to Main Principle E.1
  • E.1—UKCG Code Provisions
  • Section E.2—Constructive Use of General Meetings
  • Main Principle E.2
  • E.2—UKCG Code Provisions
  • More...

This Resource Note outlines the main provisions of Section E of the 2016 UK Corporate Governance Code (UKCG Code), on 'Relations with Shareholders', and highlights relevant third party materials, guidance, commentary and analysis, as well as our own, 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. the FRC's UK Stewardship Code

  3. the FRC's Guidance on Audit Committees (April 2016)

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

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

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

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

  8. resources in the Corporate practice area

Mini-index

Section E—Setting the scene

Section E.1—Dialogue with Shareholders

Section E.2—Constructive Use of General Meetings

Section E—Setting the scene

In a nutshell…Section E covers the responsibility of the board as a whole for ensuring that a satisfactory dialogue with shareholders takes place and the use of general meetings to communicate with and encourage investor participation.
Versions of the UKCG CodeIn July 2018 the FRC published a revised version of the UKCG Code. The 2018 edition applies to accounting periods beginning

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