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PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. A new version of the UK Corporate Governance Code was published on 22 January 2024. For further information see UKCG Resource Note—2024 UK Corporate governance Code—Section 3—Composition, succession and evaluation. This Resource Note considers Section 3 (Composition, succession and evaluation) of the 2018 version of the UK Corporate Governance Code and has been retained for reference purposes. 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: • 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 2023 United Kingdom and Ireland Proxy Voting Guidelines published by Institutional Shareholder Services (ISS) • the Stewardship
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. A new version of the UK Corporate Governance Code was published on 22 January 2024. For further information see UKCG Resource Note—2024 UK Corporate governance Code—Section 4—Audit, risk and internal control. This Resource Note considers Section 4 (Audit, risk and internal control) of the 2018 version of the UK Corporate Governance Code and has been retained for reference purposes. This Resource Note outlines the main provisions of Section 4 (Audit, risk and internal control) of the UK Corporate Governance Code (UKCG Code) 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: • the Financial Reporting Council (FRC)'s 2018 Guidance on Board Effectiveness • the FRC's 2016 Guidance on Audit Committees • the FRC's Guidance on Risk Management and Internal Control and Related Financial and Business Reporting (September 2014) (2014 Guidance) • guidance
PRACTICE NOTES
The Financial Reporting Council (FRC) publishes the UK Corporate Governance Code (UKCG Code). Corporate governance is the system of rules, practices and processes that are put in place to manage and control a company. A business that has effective corporate governance policies in place is likely to build an environment of trust, transparency and accountability and contribute to a more inclusive society by ensuring the interests of all its stakeholders are balanced. Good corporate governance is also believed to contribute to successful company performance and help businesses foster growth, long-term investments, financial stability and business integrity. On 22 January 2024, the FRC published a new version of the UKCG Code (2024 UKCG Code) that applies to accounting periods beginning on or after 1 January 2025 (with the exception of Provision 29, relating to the requirement for a board declaration in relation to internal controls, which will apply to accounting periods beginning on or after 1 January 2026). The 2024 UKCG Code makes limited changes to the UKCG Code published in 2018 (2018 UKCG Code),
PRACTICE NOTES
The Financial Reporting Council (FRC) publishes the UK Corporate Governance Code (UKCG Code). Corporate governance is the system of rules, practices and processes that are put in place to manage and control a company. A business that has effective corporate governance policies in place is likely to build an environment of trust, transparency and accountability and contribute to a more inclusive society by ensuring the interests of all its stakeholders are balanced. Good corporate governance is also believed to contribute to successful company performance and help businesses foster growth, long-term investments, financial stability and business integrity. On 22 January 2024, the FRC published a new version of the UKCG Code (2024 UKCG Code) that applies to accounting periods beginning on or after 1 January 2025 (with the exception of Provision 29 relating to the requirement for a board declaration in relation to internal controls, which will apply to accounting periods beginning on or after 1 January 2026). The 2024 UKCG Code makes limited changes to the UKCG Code published in 2018
PRACTICE NOTES
The Financial Reporting Council (FRC) publishes the UK Corporate Governance Code (UKCG Code). Corporate governance is the system of rules, practices and processes that are put in place to manage and control a company. A business that has effective corporate governance policies in place is likely to build an environment of trust, transparency and accountability and contribute to a more inclusive society by ensuring the interests of all its stakeholders are balanced. Good corporate governance is also believed to contribute to successful company performance and help businesses foster growth, long-term investments, financial stability and business integrity. On 22 January 2024, the FRC published a new version of the UKCG Code (2024 UKCG Code) that applies to accounting periods beginning on or after 1 January 2025 (with the exception of Provision 29 relating to the requirement for a board declaration in relation to internal controls, which will apply to accounting periods beginning on or after 1 January 2026). The 2024 UKCG Code makes limited changes to the UKCG Code published in 2018
PRACTICE NOTES
The Financial Reporting Council (FRC) publishes the UK Corporate Governance Code (UKCG Code). Corporate governance is the system of rules, practices and processes that are put in place to manage and control a company. A business that has effective corporate governance policies in place is likely to build an environment of trust, transparency and accountability and contribute to a more inclusive society by ensuring the interests of all its stakeholders are balanced. Good corporate governance is also believed to contribute to successful company performance and help businesses foster growth, long-term investments, financial stability and business integrity. On 22 January 2024, the FRC published a new version of the UKCG Code (2024 UKCG Code) that applies to accounting periods beginning on or after 1 January 2025 (with the exception of Provision 29 relating to the requirement for a board declaration in relation to internal controls, which will apply to accounting periods beginning on or after 1 January 2026). The 2024 UKCG Code makes limited changes to the UKCG Code published in
PRACTICE NOTES
The Financial Reporting Council (FRC) publishes the UK Corporate Governance Code (UKCG Code). Corporate governance is the system of rules, practices and processes that are put in place to manage and control a company. A business that has effective corporate governance policies in place is likely to build an environment of trust, transparency and accountability and contribute to a more inclusive society by ensuring the interests of all its stakeholders are balanced. Good corporate governance is also believed to contribute to successful company performance and help businesses foster growth, long-term investments, financial stability and business integrity. On 22 January 2024, the FRC published a new version of the UKCG Code (2024 UKCG Code) that applies to accounting periods beginning on or after 1 January 2025 (with the exception of Provision 29, relating to the requirement for a board declaration in relation to internal controls, which will apply to accounting periods beginning on or after 1 January 2026). The 2024 UKCG Code makes limited changes to the UKCG Code published
PRACTICE NOTES
The Financial Reporting Council (FRC) publishes the UK Corporate Governance Code (UKCG Code). Corporate governance is the system of rules, practices and processes that are put in place to manage and control a company. A business that has effective corporate governance policies in place is likely to build an environment of trust, transparency and accountability and contribute to a more inclusive society by ensuring the interests of all its stakeholders are balanced. Good corporate governance is also believed to contribute to successful company performance and help businesses foster growth, long-term investments, financial stability and business integrity. On 22 January 2024, the FRC published a new version of the UKCG Code (2024 UKCG Code) that applies to accounting periods beginning on or after 1 January 2025 (with the exception of Provision 29, relating to the requirement for a board declaration in relation to internal controls, which will apply to accounting periods beginning on or after 1 January 2026). The 2024 UKCG Code makes limited changes to the UKCG Code published in 2018 (2018 UKCG Code),
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. A new version of the UK Corporate Governance Code was published on 22 January 2024. For further information see UKCG Resource Note—2024 UK Corporate governance Code—Section 5—Remuneration. This Resource Note considers Section 5 (Leadership and Purpose) of the 2018 version of the UK Corporate Governance Code and has been retained for reference purposes. This Resource Note outlines the main provisions of Section 5 of the UK Corporate Governance Code (UKCG Code), on ‘Remuneration’, 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 • the Investment Association (IA)'s Principles of Remuneration (November 2022) • various guidance issued by the Chartered Governance Institute (formerly known as ICSA: The Governance Institute) (CGI) • the ISS 2024 United Kingdom and Ireland Proxy Voting Guidelines published by Institutional Shareholder Services (ISS) • the PLSA
NEWS
The UK Council for International Student Affairs (UKCISA) has published a new policy position paper entitled ‘Equity, Inclusion and Innovation: a sustainable international student policy’. The paper identifies five areas for improvement and outlines recommendations for governments to shape immigration and other policy matters related to the international student experience in the UK. These include implementing data collection mechanisms, promoting the UK as a place to study, developing fair immigration policies, improving digital tools and supporting employability opportunities.
NEWS
The UK Council for International Student Affairs (UKCISA) has published a report on international students' experiences of meeting English language requirements for UK higher education. Based on surveys and focus groups involving around 750 international students, the report found that many students are unclear about which English language tests are accepted by different universities and that the cost of tests, limited access to test centres and delays in receiving results can create barriers.
NEWS
The UK Council for International Student Affairs (UKCISA) has published its response to the Home Office's Immigration White Paper, released on 12 May 2025. The White Paper proposes significant changes to the current immigration framework, including reducing the duration of Graduate route visas from two years to 18 months, introducing a new English language requirement for all adult dependents of workers and students, and imposing a levy on the income that higher education providers earn from international students.