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03 March 2011 / Eleanor Baxter
Issue: 7455 / Categories: Features , Costs
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Corporate governance 2011

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Eleanor Baxter reviews the evolving corporate governance environment

As listed public companies prepare for their 2011 AGMs, they will need to take stock of the many recent and ongoing developments in the field of corporate governance.

2010 saw the revision of the Combined Code following its review by the Financial Reporting Council (the FRC). The renamed UK Corporate Governance Code (the Code) applies to companies with financial years beginning on or after 29 June 2010, so will soon universally apply to listed companies. While the Code did not mark a complete overhaul of the recommended governance framework under the Combined Code, which was found to be largely fit for purpose, there have been a number of key, and some controversial, changes including:

  • the recommendation of the annual re-election of all directors of FTSE 350 companies;
  • the requirement to give due regard to the benefits of diversity on the board, including gender;
  • the emphasis throughout the Code on the need for links between remuneration, individual performance
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MOVERS & SHAKERS

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Sponsored by
Arc Pensions Law—Matthew Swynnerton

Arc Pensions Law—Matthew Swynnerton

Chair of the Association of Pension Lawyers joins as partner

Ampa Group—Kamal Chauhan

Ampa Group—Kamal Chauhan

Group names Shakespeare Martineau partner head of Sheffield office

Blake Morgan—four promotions

Blake Morgan—four promotions

Four legal directors promoted to partner across UK offices

NEWS
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NLJ this week: Renters’ Rights revolution begins—brace for tribunal chaos

The abolition of assured shorthold tenancies and section 21 evictions marks the beginning of a ‘brave new world’ for England’s rental sector, writes Daniel Bacon of Seddons GSC

NLJ this week: Civil procedure gets a spring overhaul
Stephen Gold’s latest Civil Way column rounds up a flurry of procedural and regulatory changes reshaping housing, alternative dispute resolution (ADR) and personal injury litigation
NLJ this week: Why GP complaints are going nowhere
Patients are being systematically failed by an NHS complaints regime that is opaque, poorly enforced and often stacked against them, argues Charles Davey of The Barrister Group
NLJ this week: Prenups meet a jurisdictional brick wall
A wealthy Russian divorce battle has produced a sharp warning about trying to challenge foreign nuptial agreements in the wrong English court. Writing in NLJ this week, Vanessa Friend and Robert Jackson of Hodge Jones & Allen examine Timokhin v Timokhina, where the High Court enforced Russian judgments arising from a prenuptial agreement despite arguments based on the landmark Radmacher decision
NLJ this week: Has Rylands v Fletcher come back from the dead?
An obscure Victorian tort may be heading for an unexpected revival after a significant Privy Council ruling that could reshape liability for dangerous escapes, according to Richard Buckley, barrister and emeritus professor of law at the University of Reading
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