FRC reports high level of implementation of key Corporate Governance provisions

The Financial Reporting Council (FRC) today publishes its first analysis of how the two codes under its supervision are being implemented – the UK Corporate Governance Code for listed companies, revised in 2010, and the UK Stewardship Code for investors, launched in the same year.

The report reveals the high level of take up of the new provisions announced last year. For example, 80 per cent of FTSE 350 boards have put all their directors up for annual re-election, demonstrating the value of the UK Corporate Governance Code in promoting behavioural change in the boardroom.

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