FTSE350 companies are following the UK Corporate Governance Code, but details about stakeholder engagement and other governance areas are sketchy, finds Grant Thornton.
Despite an increasing number of FTSE350 companies meeting all corporate governance requirements, the level of stakeholder engagement has fallen for the third year in a row.
Grant Thornton’s 16th corporate governance review found 66% of FTSE350 organisations in full compliance with the Corporate Governance Code, up four percentage points on last year's survey. However, other governance and reporting aspects are more varied.
Just one-third (33%) provided detailed information about engagement with shareholders within their annual report, from 64% in 2014. While only one in eight (12.5%) reported that their remuneration chair had face-to-
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