2024 will be another significant year for UK corporate governance reform. Last year’s consultation on the UK corporate Governance Code raised a number of issues. In the end, government intervention (or failure to act) resulted in the FRC’s watered-down revision, which, at least, took account of concerns voiced by issuers. This year is likely to…

March 26, 2024 Read more >

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 >

The Quoted Companies Alliance (QCA) has published a new version of its Corporate Governance Code (QCA Code) on 13 November 2023. The revised QCA Code which will apply for financial years beginning on or after 1 April 2024 (with a grace period of 12 months). The QCA Code is followed by most AIM companies and…

January 24, 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 >

We received an interesting question recently. A large global firm was seeking advice on the pay relationship between a full-time (executive) Chair and a separate, full time CEO.  They believed that situation might be common in the UK (or more common than in some jurisdictions) and asked for our views. Whilst this situation is not…

February 24, 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 >