The UK Stewardship Code set stewardship standards for those investing money on behalf of UK savers and pensioners, and those that support them and is part of UK company law. It was first released in 2010.
The UK Stewardship Code
Articles and features
A growing backlash by activist shareholders against greenwashing has moved on from corporate criticism to direct action against directors.
Equitory is the largest dedicated investor communications consultancy in the UK. Its founder explains why investor relations is becoming more important for companies, and what makes a good equity story.
3 November 2020: Reporting on 2020 will be a challenge. The Financial Reporting Council Lab acknowledges this but also flags opportunities for the development of investor information despite the uncertainty.
How have boards responded to the ongoing coronavirus crisis in light of the wide range of stakeholders they have to consider, and what should they be doing to plan for the future?
Guidance and reports
This special report will be a handy go-to guide – we take you through the latest techniques and thinking behind the new smart world with which CFOs, and aspiring CFOs, must contend.
ICAEW has worked with the RNIB to provide a Word version of the Business Finance Guide in a larger font for those with visual impairments or require larger text.
Alongside the online and interactive version, the Business Finance Guide can be downloaded as a single PDF document containing all of the explanations of the different finance options available, as well as information on how to approach a financing decision, the questions to ask and how to treat it as a business process.
This special report contains a few essentials on reporting of use to finance manager, controller and directors, including micro entity reports, the visual impact of reports and lean accounting.
A summary of the Financial Reporting Council guidance on limited liability agreements (LLAs) and the legal opinion we have obtained, with links to the original guidance.
This report looks at the sources of this unhappiness in financial reporting disclosures and what can be done about it. The report argues that the current degree of dissatisfaction is to a large extent a predictable outcome of the regulatory framework. But this framework is itself a response to failures in the market for financial reporting information. And both market and regulatory failures in part reflect the inherent limitations of financial reporting. In this brief summary of the report, we concentrate on the regulatory issues.
The concept of sustainability involves operating in a way that takes full account of an organisation’s impacts on the planet, its people and the future. This report illustrates UK, European and global initiatives to foster sustainable development, including steps taken by governments, businesses and other organisations.
Shareholder activism in UK quoted companies continues to be an important and topical issue. The context of this research is the investment scene in the UK and within this context over the last two decades it is clear that considerable change has taken place. The research report covers a variety of topics and provides an overview of some of the positive and negative implications of activism.
This webinar explains Pentland's approach to preparing the section 54 statement.
The challenges and opportunities around purpose, stakeholder capitalism, ESG and COVID-19.
History has shown that a narrow focus on short term profits can result in undesirable outcomes. Learn about the benefits of investing in long term value and navigate the shift from shareholder to stakeholder value.
Disclaimer: The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
Legal Alert is a monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business.
Shareholders/directors in group situations should note that unfairly prejudicial conduct in relation to the affairs of a subsidiary company in a group may also amount to unfairly prejudicial conduct of the parent company’s affairs; and the subsidiary and parent may also be part of a quasi-partnership - widening the scope for an unfair prejudice claim.
Companies proposing to use written resolutions to make shareholder decisions – ie, agreeing to a decision in writing rather than holding a formal meeting - should ensure every such resolution is approved and circulated by the board and sent on its behalf to all shareholders entitled to vote on the decision, otherwise it will be invalid - as a recent ruling makes clear.
A director’s failure to avoid a ‘situational conflict’ or to get authorisation for it was a breach of his company law duties, and amounted to unfair prejudice to minority shareholders - but the victims’ failure to complain at the time meant their claim failed.
Employers with, or considering including bad leaver provisions in their articles or a share purchase agreement should consider whether they could amount to an unenforceable penalty, or be unconscionable or an unlawful deduction from wages.
Directors should ensure the information they provide to shareholders is clear and comprehensible, not misleading and does not hide material particulars. However, in the absence of a special relationship, directors do not owe fiduciary duties to their company's shareholders.
Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.
The Library & Information Service provides a collection of eBooks as a benefit of membership. Please note that ICSA publications are only available to ICAEW members and ACA students. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact firstname.lastname@example.org.
Chapter 5 discusses shareholder engagement, relations and communications, shareholder rights and meetings.
The ICSA Corporate Governance Handbook provides full explanations of the statutory and regulatory regime applicable to listed companies but also,addresses how governance best practice might be applied by private companies, including subsidiaries.
The Handbook provides full explanations of the statutory and regulatory regime applicable to listed companies but also, for the first time, addresses how governance best practice might be applied by private companies, including subsidiaries,
An authoritative guide to company secretarial practice. Detailed commentary is accompanied by over 80 precedents.
The Library & Information Service provides a collection of articles as a benefit of membership. Please log in to view these articles. If you are unable to access the articles, please see our Help and support page or contact email@example.com.
The article offers information on the environmental, social and governance (ESG) approach of a company for risk management. Topics discussed include making adjustments to the risk management strategies for applying ESG approach; maintaining partnerships with senior executive leaders, finance, investor relations and corporate communications to assess and mitigate ESG risks.
The article deals with the growing influence of passive investors which may prompt companies to develop a new approach to board governance and investor communications
The article reports on the study which reveals that financial expertise of audit committee member is important to investors. Topics mentioned include the importance of financial expertise on audit committees in the improvement of audit committee effectiveness in financial monitoring duties, the internal auditing management, and the role of audit committee to financial statements management. Also mentioned are the role of audit committee in decision-making and the financial reports quality.
Guidance for companies preparing for the 2018 US proxy and annual reporting season, which will be the first time that CEO pay ratio disclosure will be required.
Leading global proxy solicitor, shareholder engagement firm and corporate governance advisors Georgeson publish an annual review of trends from European AGMs covering the following jurisdictions: UK, France, the Netherlands, Germany, Switzerland, Italy and Spain (a separate report is published on Denmark). Each countries entry is divided into three sections: voting; proxy advisers; corporate governance developments.
Grant Thornton's review of the annual reports of 297 of the UK’s FTSE 350 companies with years ending between April 2021 and June 2022. The section on stakeholder engagement looks at engagement with shareholders, employees, other non-executives and other stakeholders. Registration required for free download.
FRC guidance for good practice that listed companies should consider adopting in order to enhance effective shareholder participation when planning and conducting annual general meetings (AGMs) and other general meetings.
FRC document which is intended to help companies improve transparency when reporting against the 2018 UK Corporate Governance Code and advise them on how to achieve good quality explanations when departing from the Code.
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