The following Corporate practice note provides comprehensive and up to date legal information covering:
This Resource Note outlines the main provisions of Section 1 (Leadership and Purpose) of the UK Corporate Governance Code (UKCG Code) and highlights relevant third party materials, guidance, commentary and analysis, as well as resources, to give practical guidance on its application.
Materials covered in this Resource Note include:
the Financial Reporting Council (FRC)'s 2018 Guidance on Board Effectiveness
guidance issued by the Chartered Governance Institute (previously known as ICSA: The Governance Institute) (CGI)
the 2022 United Kingdom and Ireland Proxy Voting Guidelines published by Institutional Shareholder Services (ISS)
the Stewardship and Voting Guidelines 2022 published by the Pensions and Lifetime Savings Association (PLSA)
the Shareholder Voting Guidelines, published by Pensions & Investment Research Consultants Ltd (PIRC), available for purchase from PIRC's website
the EY/IA joint report on Board effectiveness—continuing the journey
resources in the Corporate practice area
Section 1—Setting the scene
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Scotland: the Accountant in BankruptcyThe office of the Accountant in Bankruptcy (AiB) was created by section 156 of the Bankruptcy (Scotland) Act 1856 . Previously, the functions of the AiB were limited but since 1993, with the enactment of the Bankruptcy (Scotland) Act 1993 (B(S)A 1993), the role
RobberyRobberyRobbery is a theft offence, involving dishonesty but elevated also by the intention to use force.Robbery can only be tried in the Crown Court on indictment and is categorised as a class 3 offence.Elements of the offence of robberyA person is guilty of robbery if:•they steal something,
When transferring an interest in land, any fixtures form part of the land and are transferred with it, unless there is express provision to the contrary. Fittings (also known as chattels) do not form part of the land and will not be included unless it has been expressly agreed otherwise. Difficulty
Drafting—2009 ActThe Perpetuities and Accumulations Act 2009 effectively disapplies the rule against perpetuities from future easements granted on or after 6 April 2010, so a draftsman now need not be concerned to specify a perpetuity period. Any restrictions on the exercise of the easement
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