The Boardroom Blog

20 years of the Code: a review of UK corporate governance

Tuesday, January 22, 2013 | Posted by: Simon Lowe
Categories: Governance, Thought Leadership | Tags: governance, CEO, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, annual report, risk management, diversity, UK Corporate Governance Code, chairman, FTSE 100, FTSE 250

image

As modern corporate governance turns 21 following the 1992 publication of the Cadbury report, we review where UK businesses are succeeding in demonstrating accountability – and the areas that still need work.

Continue Reading

‘Tone from the top’ still missing in many FTSE 350 annual reports

Thursday, October 18, 2012 | Posted by: Simon Lowe
Categories: Governance, Thought Leadership | Tags: governance, CEO, Corporate Governance, FTSE 350, Corporate Governance Review, UK Corporate Governance Code, chairman

Our interim corporate governance research into more than 240 FTSE 350 annual reports in 2011/2012 finds that while FTSE 350 chairmen are better engaged on corporate governance, many still aren’t setting a clear ‘tone from the top’.

Continue Reading

Comply or explain: three ways to make a meaningful explanation

Thursday, March 15, 2012 | Posted by: Ben Langford
Categories: Governance, Thought Leadership | Tags: governance, FRC, Corporate Governance, FTSE 350, financial reporting, UK Corporate Governance Code, comply or explain, narrative reporting, institutional investors

image

Corporate governance compliance appears to have plateaued so the focus is now on explaining why a company has not complied and acted the way it has.

Here we review the current mindset behind the ‘comply or explain’ principle, which underpins corporate governance in the UK, and look at three suggestions to improve the quality of explanations.

Continue Reading

‘Comply or explain’ is working, says FRC

Wednesday, December 14, 2011 | Posted by: Ben Langford
Categories: Governance, Stewardship Code, Thought Leadership | Tags: governance, FRC, Corporate Governance, FTSE 350, Corporate Governance Review, Stewardship Code, UK Corporate Governance Code, guidance, comply or explain, Turnbull, institutional investors, Financial Reporting Lab

The Financial Reporting Council (FRC), which oversees the UK’s corporate governance codes, released a new report today showing a strong uptake of new provisions among companies and shareholders. But the review also highlights some ongoing areas of concern…

Continue Reading

Corporate Governance Review 2011: Four areas for FTSE 350 to refocus on

Tuesday, November 22, 2011 | Posted by: Simon Lowe
Categories: Governance, Thought Leadership | Tags: governance, risk, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, annual report, risk management, diversity, chairman, principal risks, comply or explain, annual reports, FTSE 100, FTSE 250

Our 10th annual Corporate Governance Review highlights the current trends and challenges that face the FTSE 350. While the UK’s top performing companies have made considerable achievements over the last decade, the review shows where the new focus areas lie.

Continue Reading

The future of narrative reporting

Thursday, October 13, 2011 | Posted by: Simon Lowe
Categories: FRC, Governance | Tags: governance, FRC, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, financial reporting, BIS, annual reports, IIRC, Ben Langford, narrative reporting

Government plans to rationalise the structure, format and content of annual reports are aimed to improve clarity for investors.

Continue Reading

Corporate governance framework for European companies: what needs to be improved?

Tuesday, April 12, 2011 | Posted by: Fiona Cullinan
Categories: Governance | Tags: Board, governance, Corporate Governance, Simon Lowe, women, gender, diversity, UK Corporate Governance Code, Europe, guidance, comply or explain, debate

Last week the European Commission launched a public consultation into European corporate governance, its effectiveness and possible ways forward. On the discussion agenda are board effectiveness, gender diversity, short-termism and the failure of self-regulation prior to the economic crisis. Read on to join the debate.

Continue Reading

Best of the Boardroom blog 2010

Wednesday, December 22, 2010 | Posted by: Fiona Cullinan
Categories: Research | Tags: links, Corporate Governance, Corporate Governance Review, blog, best, 2010, NEDs, NED, Boardroom

NEDs, anti-corruption, risk issues and more… here are our top 10 posts of the year for thinking people on the board.

Continue Reading

Boards need to improve their decision making process - have your say

Friday, August 06, 2010 | Posted by: Grant Thornton
Categories: FRC, Governance | Tags: Board, governance, FRC, Corporate Governance, Simon Lowe, UK Corporate Governance Code, NED, ICSA, Financial Reporting Council

A well designed decision making process is one of the most important characteristics of an effective board.  As such boards should not allow themselves to be influenced by a dominant personality or have “no go” areas for non-executives.

Ask yourself - is such a situation familiar to you?

Continue Reading

FTSE 350 governance - job done?

Tuesday, January 12, 2010 | Posted by: Grant Thornton
Categories: Governance | Tags: Grant Thornton, governance, compliance, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, Walker

The results are in for the 2009 Corporate Governance Review - is it job done for the FTSE 350?

- Companies comply with, on average, 91% of the Code’s provisions
- 68% of those who choose ‘explain’ now give more informed disclosure to support their non-compliance
- Of those who ‘explain’, 75% are compliant with all but one or two Code provisions
- 66% of the FTSE 350 produce a separate corporate responsibility report

Perhaps not….

Continue Reading

Michelle Edkins, Barclays Global Investors on the Walker Review and changes to the Combined Code

Wednesday, December 09, 2009 | Posted by: Grant Thornton
Categories: Governance, Non-executive director | Tags: governance, FT, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, Michelle Edkins, Barclays Global Investors, Financial Times

Interview with Michelle Edkins Managing Director, Head of Corporate Governance, Europe at Barclays Global Investors, at the launch event of the Financial Times Non-Executive Directors’ Club on 10 November 2009. 

Simon Lowe, partner and author of the FTSE 350 Corporate Governance Review, was able to capture some pearls of wisdom on film, by speaking to Michelle Edkins about investor engagement and why she advises against talking about ‘corporate governance’

Continue Reading

Governance: from compliance exercise to embedded in the business - David Jackson, BP plc

Thursday, December 03, 2009 | Posted by: Grant Thornton
Categories: Governance | Tags: governance, FT, compliance, Corporate Governance, Simon Lowe, BP, David Jackson, Financial Times, Non-executive director

Interview with David Jackson, Company Secretary BP plc, at the launch event of the Financial Times Non-Executive Directors’ Club on 10th November 2009. 

Continue Reading

What makes a good non-executive director?

Wednesday, November 25, 2009 | Posted by: Grant Thornton
| Tags: FT, Corporate Governance, Michelle Edkins, BP, David Jackson, Barclays Global Investors, Financial Times, non-executive directors, Lesley Stephenson, Lucy Kellaway

This was the question posed at a recent event run by the Financial Times Non-Executive Directors’ Club in association with their partners, Grant Thornton.

Continue Reading