Boards of banks face an increasingly broad array of responsibilities when managing foreign subsidiaries, ensuring the parent company has control and oversight without sacrificing independence or creating a culture of complacency.
An effective onboarding process is now viewed as a highly valuable part of establishing diverse boards that can innovate and adapt to change.
A proposed new corporate governance code is likely to highlight boardroom responsibility for culture, and ask nomination committees to play a role in building diversity and an executive pipeline.
Investment management firm calls for an end to the annual use of executive pay benchmarking and calls for the inclusion of worker representatives on remuneration committees.
The Financial Reporting Council will work on providing new guidance for nominations committees on succession planning.