2018 UK Corporate Governance Code—Section 3—Composition, succession and evaluation
2018 UK Corporate Governance Code—Section 3—Composition, succession and evaluation

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

  • 2018 UK Corporate Governance Code—Section 3—Composition, succession and evaluation
  • Mini-index
  • Section 3—Setting the scene
  • Principle J
  • Principle K
  • Principle L
  • Provision 17
  • Provision 18
  • Provision 19
  • Provision 20
  • More...

This Resource Note outlines the main provisions of Section 3 of the UK Corporate Governance Code (UKCG Code), on ‘Composition, succession and evaluation’, 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 Report on Board Effectiveness

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

  8. the Davies’ review’s 2011 Women on Boards Report and 2015 Five Year Summary

  9. the Hampton-Alexander review

  10. the Final Parker Report into the Ethnic Diversity of UK Boards (October 2017) and Ethnic Diversity Enriching Business Leadership (February 2020)

  11. resources in the Corporate practice area

Mini-index

Section 3—Setting the scene

Principle J

Principle K

Principle L

Provision 17

Provision 18

Provision 19

Provision 20

Provision 21

Provision 22

Provision 23

Notes

Section 3—Setting the scene

In a nutshell...Section 3 deals with the composition of the board, appointments and succession planning,

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