Early this summer, the Financial Reporting Council (FRC) is due to publish a revised version of the UK Corporate Governance Code, which is expected to include new guidance affecting the composition of boards and shareholder voting practices.
Some of the changes could put pressure on listed investment funds. Having consulted on the revised code, it is due to take effect next year and will apply to all listed companies with accounting periods starting on or after 1 January 2019. The changes are intended to help shorten and sharpen the code, at the same time as focusing on its core principles. Last revised in 2016, it is hoped that the revised code will instil a more healthy corporate culture and promote boardroom diversity, which will in turn build shareholder and market trust. Code of conduct unveiled for MiFID II re...
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