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On 22 January, the FRC published an updated UK Corporate Governance Code (FRC Code), following publication last November of the QCA’s revised Corporate Governance Code (QCA Code) . The 2024 FRC Code is a cut-down version of the revised code the FRC had initially intended to publish. Its principal focus is on companies’ internal controls.…

January 25, 2024 Read more >

Bowing to pressure from the business lobby, on 16 October the UK Government announced it is shelving proposed legislation seen, hitherto, as a major plank in its plans for UK corporate governance reform. Apart from opening the door for critics to point to another government u-turn, this development is likely to affect, and may delay,…

October 18, 2023 Read more >

FRC consultation on proposed revisions to the UK Corporate Governance Code (‘the Code’) closed on 13 September. MM&K has taken the opportunity to submit responses to the 26 consultation questions. The last revision to the Code was in 2018. This latest consultation follows a raft of laws and regulations, much of it to do with…

September 14, 2023 Read more >

Recently, the Financial Reporting Council (“FRC”) published a consultation paper asking for detailed responses as to how the UK Corporate Governance Code (“the Code”) could be updated to become part of a wider framework of measures that will improve accountability, build trust and support investment and stewardship decisions in the UK. Although the main driver…

July 26, 2023 Read more >

In November 2022, the Financial Reporting Council (“FRC”) published its annual review of Corporate Governance Code (“the Code”) disclosures.  As previously, it selected a range of 100 companies across the FTSE 350 and Small Cap markets. Whilst much of the findings will only be interesting to fully listed businesses, there are still some important points…

January 26, 2023 Read more >

The FRC (soon to become ARGA) is about to review the provisions of the UK Corporate Governance Code, which is applicable to companies having a premium listing on the London Stock Exchange. An informal consultation process, which will include organisations like the QCA, is scheduled to commence at the end of this month. This will…

October 12, 2022 Read more >

The UK Corporate Governance Code (“the Code”) was updated in 2018, but as with all reforms of this nature, the effects could not be measured until a full cycle of disclosure had occurred.  In the last couple of weeks, the FRC have published a report (“the Report”) providing a review of how these changes have…

June 1, 2021 Read more >

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