Tuesday, June 29, 2010

UK Corporate Governance Code June 2010 (formerly the Combined Code)

The UK Corporate Governance Code (formerly the Combined Code) new edition of the Code which will apply to financial years beginning on or after 29 June 2010, that is, today onwards, sets out standards of good practice in relation to board leadership and effectiveness, remuneration, accountability and relations with shareholders.
All companies with a Premium Listing of equity shares in the UK are required under the Listing Rules to report on how they have applied the Combined Code in their annual report and accounts.
The Code contains broad principles and more specific provisions.
Listed companies are required to report on how they have applied the main principles of the Code, and either to confirm that they have complied with the Code's provisions or - where they have not - to provide an explanation.
• UK Corporate Governance Code June 2010: http://www.frc.org.uk/documents/pagemanager/Corporate_Governance/UK%20Corp%20Gov%20Code%20June%202010.pdf


• Listing Rules: http://fsahandbook.info/FSA/html/handbook/LR/9/8
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