Advocates of change to the UK's corporate governance code have revealed unease and disappointment after the government failed to include reform as part of its agenda, following the June general election.
The Queen’s Speech, which included details about developing new trade and customs policies, omitted any mention of the governance reform paper, for which the consultation deadline ended in February.
A spokeswoman for the Department for Business, Energy & Industrial Strategy (BEIS), told Board Agenda that it was “still to respond” to the paper. “We will outline our response in the coming months,” the spokeswoman added.
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Institutional investors await the outcome of consultation on the role of non-voting stock in determining membership of FTSE Russell indices, following SNAP's decision to float without a single voting share.
The German Federal Court of Justice has ruled that establishing a compliance management system, which aims to stop legal breaches, can reduce fines levied on companies under Section 30 of the Administrative Offences Act.