The following Corporate guidance note provides comprehensive and up to date legal information covering:
This archived Practice Note summarised the key developments that were expected to impact the corporate governance regime during 2016. It has not been updated since 2016. For new legal developments from January 2018 and beyond, see Practice Note: Corporate governance: horizon scanning—2018 and beyond.
The Financial Reporting Council (FRC) indicated in its 2015 annual report on developments in corporate governance and stewardship that it did not intend to make any substantial revisions to the UK Corporate Governance Code (UKCG Code) until 2019, although there would be minor revisions relating to the implementation of European audit legislation. Instead the FRC would focus on improving corporate culture and updating its 'Guidance on Board Effectiveness'. However, following the publication of the government's Green Paper on Corporate Governance Reform in November 2016, it is likely that there will be changes to the UKCG Code during 2017.
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