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Corporate governance codes and reports

The early 1990s saw increasing calls for standards in corporate governance to be raised in the wake of the BCCI and Maxwell cases. Since then, there have been a number of key reports on corporate governance in the UK which you can access through the links on this page.

United Kingdom

2019

The UK Stewardship Code 2020

2018

Wates Corporate Governance Principles for Large Private Companies, December 2018

UK Corporate Governance Code, July 2018

FRC Guidance on board effectiveness, July 2018

2016

UK Corporate Governance Code, April 2016
See UK Corporate Governance Code, July 2018

FRC Guidance on Audit Committees, April 2016

2014

UK Corporate Governance Code, September 2014
See UK Corporate Governance Code, July 2018

FRC Risk Guidance, September 2014

2012

UK Corporate Governance Code, September 2012 
See UK Corporate Governance Code, July 2018

UK Stewardship Code, September 2012

FRC Guidance on Audit Committees, September 2012
See FRC Guidance on Audit Committees, April 2016

2011

FRC Guidance on board effectiveness, March 2011
See FRC Guidance on board effectiveness, July 2018

Women on boards, February 2011

2010

UK Corporate Governance Code, May 2010
See UK Corporate Governance Code, July 2018

UK Stewardship Code, July 2010 
See UK Stewardship Code, September 2012

FRC Guidance on Audit Committees, December 2010
See FRC Guidance on Audit Committees, April 2016

2009

A review of corporate governance in UK banks and other financial industry entities (The Walker Report)

2008

FRC Guidance on Audit Committees, October 2008
See FRC Guidance on Audit Committees, September 2016

The Combined Code on Corporate Governance, June 2008
See UK Corporate Governance Code, July 2018

2006

The Combined Code on Corporate Governance, June 2006
See UK Corporate Governance Code, July 2018

2005

Internal Control: Guidance for Directors on the Combined Code, October 2005 
See FRC Risk Guidance, September 2014

2003

The Combined Code on Corporate Governance, July 2003
See UK Corporate Governance Code, July 2018

The Tyson Report on the Recruitment and Development of Non-Executive Directors

Audit Committees - Combined Code Guidance (The Smith Report)
See FRC Guidance on Audit Committees, April 2016

Independent Review of Non-Executive Directors (The Higgs Report)

2001

Institutional Investment in the United Kingdom (The Myners Report)

1999

Internal Control: Guidance for Directors on the Combined Code (The Turnbull Report)
See Internal Control: Guidance for Directors on the Combined Code, October 2005

1998

The Combined Code on Corporate Governance, June 1998
See UK Corporate Governance Code, July 2018

Final report - Committee on Corporate Governance, January 1998 (The Hampel Report)

1995

Directors' remuneration- report of a study group chaired by Sir Richard Greenbury (The Greenbury Report)

1994

Internal control and financial reporting- guidance for directors of listed companies registered in the UK (The Rutteman Report)

1992

Financial Aspects of Corporate Governance Committee (The Cadbury Report)

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