2018 UK Corporate Governance Code—Section 2—Division of responsibilities
2018 UK Corporate Governance Code—Section 2—Division of responsibilities

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

  • 2018 UK Corporate Governance Code—Section 2—Division of responsibilities
  • Mini-index
  • Section 2—Setting the scene
  • Principle F
  • Principle G
  • Principle H
  • Principle I
  • Provision 9
  • Provision 10
  • Provision 11
  • More...

This Resource Note outlines the main provisions of Section 2 of the UK Corporate Governance Code (UKCG Code), on ‘Division of responsibilities’, 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 known as 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 Investment Association (IA)'s Comply or Explain: Investor Expectations and Current Practices (December 2012) (note that following the merger of ABI Investment Affairs with IA on 30 June 2014, IA has assumed responsibility for this report which was originally published by the Association of British Insurers)

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

  8. resources in the Corporate practice area

Mini-index

Section 2—Setting the scene

Principle F

Principle G

Principle H

Principle I

Provision 9

Provision 10

Provision 11

Provision 12

Provision 13

Provision 14

Provision 15

Provision 16

Notes

Section 2—Setting the scene

In a nutshell...Section 2 considers the role of different members of the board

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