UK Corporate Governance Code
E945593
The UK Corporate Governance Code is a key set of principles and provisions that guides best practice in leadership, accountability, remuneration, and stakeholder relations for companies listed in the United Kingdom.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
corporate governance code
ⓘ
soft law instrument ⓘ |
| administeredBy | Financial Reporting Council NERFINISHED ⓘ |
| aimsTo |
encourage effective board oversight
ⓘ
enhance long-term sustainable success of companies ⓘ promote high standards of corporate governance ⓘ strengthen accountability to shareholders ⓘ |
| appliesTo |
UK-listed companies
ⓘ
companies with a premium listing on the London Stock Exchange ⓘ |
| basedOn | comply or explain principle ⓘ |
| category | corporate law and governance in the United Kingdom ⓘ |
| contains |
principles
ⓘ
provisions ⓘ |
| country | United Kingdom ⓘ |
| encourages |
alignment of remuneration with long-term company performance
ⓘ
consideration of wider stakeholders and workforce ⓘ effective risk management and internal control systems ⓘ |
| focusesOn |
accountability
ⓘ
board effectiveness ⓘ board leadership ⓘ relations with shareholders ⓘ remuneration ⓘ stakeholder engagement ⓘ |
| influencedBy |
Cadbury Report
NERFINISHED
ⓘ
Combined Code on Corporate Governance NERFINISHED ⓘ Greenbury Report NERFINISHED ⓘ Hampel Report NERFINISHED ⓘ |
| jurisdiction | United Kingdom company law framework ⓘ |
| language | English ⓘ |
| legalStatus | non-statutory ⓘ |
| recommends |
annual evaluation of board performance
ⓘ
establishment of audit committee ⓘ establishment of nomination committee ⓘ establishment of remuneration committee ⓘ majority of independent non-executive directors on the board ⓘ regular re-election of directors ⓘ transparent director remuneration policies ⓘ |
| regulator | Financial Reporting Council NERFINISHED ⓘ |
| relatedTo | UK Stewardship Code NERFINISHED ⓘ |
| requires |
board to establish company purpose, values and strategy
ⓘ
separation of the roles of chair and chief executive ⓘ |
| requiresDisclosure |
corporate governance statement in annual report
ⓘ
explanations for non-compliance with provisions ⓘ |
| sector | corporate governance ⓘ |
| updatedBy | periodic revisions by the Financial Reporting Council ⓘ |
| usedAsReferenceBy |
investors
ⓘ
listed company boards ⓘ proxy advisors ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.