As mentioned in previous Technical Briefings, on 24 May, the Financial Reporting Council published its long anticipated consultation on the UK Corporate Governance Code, the intention of which is to focus on the legislative and governance reforms that the Government proposed in its May 2022 white paper “Restoring trust in audit and corporate governance”. These are designed, amongst other things, to “support the FRC’s transition into the Audit, Reporting and Governance Authority (ARGA).”

On 24 May, the Financial Reporting Council has published its long anticipated consultation on the UK Corporate Governance Code, the intention of which is to focus on the legislative and governance reforms that the Government proposed in its May 2022 white paper “Restoring trust in audit and corporate governance”.

Companies House published two stakeholder newsletters in December.

ICSA: The Chartered Governance Institute has today welcomed the Government’s response to last years’ consultation on Corporate Transparency and Register Reform, in which the Government looked at options to enhance the role of Companies House and increase the transparency of UK corporate entities.

According to a poll by ICSA: The Chartered Governance Institute and governance recruitment specialist The Core Partnership, the majority of companies are prepared for the UK to leave Europe with no trade deal in place. Some 71% of respondents, the majority of which hail from finance, commerce and industry, said that they are very prepared for a no trade deal scenario. Just 9% are not at all prepared and an additional 20% were unsure of how prepared their organisation was at the time the poll was carried out.

Today, a public consultation on the Charity Governance Code opens, to shape and inform updates to the Code.

The consensus among politicians, citizens, and even executives themselves, is that capitalism serves only to enrich the elites while ignoring ordinary people.

Considers the potential impacts of the UK’s departure from the European Union on the efforts against modern slavery.

Improved ESG (Environmental, social and corporate governance) has been seen as a positive response to the crisis and as a means by which we can drive change in businesses for good.