header-logo header-logo

Good governance

09 December 2010 / Jane Mayfield
Issue: 7445 / Categories: Features , LexisPSL
printer mail-detail

In the first of two articles, Jane Mayfield considers the rationale behind the IoD’s new corporate governance framework

The Institute of Directors (IoD) issued its guidance on corporate governance, Corporate Governance Guidance and Principles for Unlisted Companies in the UK, last month. The guidance is based on the document published by the European Confederation of Directors’ Association in March, Corporate Governance Guidance and Principles for Unlisted Companies in Europe. 
Aimed at directors, shareholders and stakeholders of unlisted UK companies the guidance provides the IoD’s rationale and reasons for establishing an effective corporate governance framework in an unlisted company (Part One) and 14 governance principles (Part Two).

The rationale for the guidance

Historically corporate governance codes in the UK have focused on listed companies. With increasing media and public attention in this area over the last few years, and the economic importance of unlisted companies, the IoD has published a set of voluntary corporate governance principles outlining best practice for unlisted companies. The guidance focuses on limited companies that are not listed or quoted on a public

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
In this week's NLJ, Steven Ball of Red Lion Chambers unpacks how advances in forensic science finally unmasked Ryland Headley, jailed in 2025 for the 1967 rape and murder of 75-year-old Louisa Dunne. Preserved swabs and palm prints lay dormant for decades until DNA-17 profiling produced a billion-to-one match
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
back-to-top-scroll