Temperature check on corporate governance as new Code comes into effect
The UK is witnessing a battle to restore trust in business. Governance is more in the spotlight than at any time since the ‘Maxwell years’ which immediately preceded the 1992 Cadbury report.
As the new shorter, sharper UK Corporate Governance Code comes into effect from 1 January 2019, it offers companies the opportunity to refresh and strengthen their governance practices and show case this through their annual reports.
Grant Thornton’s latest FTSE 350 Corporate Governance Review, which has been analysing annual reports for 17 years, provides a temperature check on where we are, highlights six key areas where companies are improving and where practices need a reboot: