Related insights: Corporate Governance

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Can former employees take your confidential information to their new job?

28 Jul 2020
When an individual moves to a new role, they take valuable skills and knowledge which they will use for the benefit of their new employer. Where this happens, particularly where an employee moves to a competitor, it can be difficult to draw a line between information that an employee can legitimately use in their new position as part of their own experience, and specific information which should not be disclosed even though the terms of their former employment contract have ceased to apply.

Whistleblowing: what employers need to know in a nutshell

07 Feb 2019
Whistleblowing is an increasingly important and complex topic. In this note, we explain and simplify some of the key issues that companies need to be aware of as a result of recent societal, legal and regulatory developments, which we explored in our recent Informed Counsel conference.
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New corporate governance principles for large private companies launched

14 Dec 2018
The UK's Financial Reporting Council has published the final version of the Wates Corporate Governance Principles for Large Private Companies (Principles). The Principles have been developed following the Government's Green Paper in 2016 and the BEIS Select Committee report in April 2017 which considered the need for improved transparency and accountability in the corporate governance of large private companies.
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AIM guidance on corporate governance 'comply or explain' requirements for AIM Companies from 28 September 2018

02 Aug 2018
AIM Rule 26 (company information disclosure) was amended when the latest version of the AIM Rules for companies was published in March 2018. From 28 September 2018 AIM companies are required to disclose on their websites details of a recognised corporate governance code that the AIM company has decided to apply, how the AIM company complies with that code and, where it departs from the code, an explanation of the reasons for doing so.
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Corporate governance reporting and the impact on large private companies

23 Jul 2018
Corporate governance continues to be a rapidly evolving area. Recently the spotlight has shifted to focus on the need for improved transparency and accountability in the corporate governance of large private companies in the wake of a number of high profile corporate failings. The Government launched a number of initiatives in this area. The latest raft of proposed changes are considered below and will have an impact on large private companies.
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The FRC proposes a revised UK Corporate Governance Code

21 Jan 2018
On 5 December 2017, the Financial Reporting Council (FRC) published a consultation document on its proposals for a revised UK Corporate Governance Code. The FRC has undertaken a comprehensive review to ensure that the Code remains fit for purpose and continues to promote improvement in the quality of corporate governance. The revised Code emphasises the value of good corporate governance to the sustainable growth of a company and encourages policies and practices that generate value for shareholders and aim to benefit society. There is a new focus on stakeholders, integrity and corporate culture, diversity and how the overall governance of the company contributes to its long-term success.
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Government response to corporate governance inquiry and the key points for large private companies

04 Oct 2017
The Government has published its response to the report by the Business, Energy and Industrial Strategy Parliamentary Select Committee following its recent inquiry into corporate governance. The most headline grabbing proposal is that all companies of a significant size (private as well as public) will be required to explain how their directors have complied with their duty under section 172 of the Companies Act 2006 to promote the success of the company. This duty requires directors to have regard to the interests of employees, suppliers and other non-shareholders in their decision making. A draft statutory instrument is due to be published later this year. The Government is not, however, taking forward the recommendation that additional powers be given to the Financial Reporting Council (FRC) to engage and hold directors to account in respect of breaches of this duty.