Ci-joint, un document du Financial Reporting Council, partagé par Richard Leblanc, portant sur les recommandations de modifications au code de gouvernance de la Grande-Bretagne.
« The Financial Reporting Council has today begun consultation on proposed revisions to the UK Corporate Governance Code and International Standards on Auditing (UK and Ireland) to give effect to its Effective Company Stewardship proposals. The FRC is also consulting on updates to the Stewardship Code.
The UK Corporate Governance Code, which celebrates its twentieth anniversary this year, sets out good practice for UK listed companies on issues such as board composition and effectiveness, risk management, audit committees and relations with shareholders. The Stewardship Code, first published in 2010, sets out good practice for institutional investors on monitoring and engaging with investee companies and reporting to clients and beneficiaries.
The proposed changes to the UK Corporate Governance Code include:
– Requesting FTSE 350 companies to put the external audit contract out to tender at least every ten years;
– Asking boards to explain why they believe their annual reports are fair and balanced;
– Encouraging more meaningful reporting by audit committees;
– Providing more guidance on explanations that should be provided to shareholders when a company chooses not to follow the Code ».