The UK Corporate Governance Code, published by the Financial Reporting Council (FRC), covers standards of good practice for listed companies on topics such as board composition and development, remuneration, shareholder relations, accountability and auditing. The Code focuses on the importance of long-term success and sustainability, and covers issues of public trust in business.
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How are board members appointed or removed in the UK?
Appointing directors Directors are most commonly appointed by shareholders at a company’s Annual General Meeting (AGM), or at an Extraordinary General Meeting (EGM). If a vacancy on the board arises…read more
What financial and non-financial information must UK companies disclose to the public?
UK companies are required to disclose certain financial and non-financial information, both in general and through their annual reports and accounts. This information must be made available to shareholders and…read more
What criteria must individuals fulfil to become directors in the UK?
A director may be an individual or another legal entity (such as a company). If the director is an individual, he or she may hold office provided that:• he or…read more