The Financial Reporting Council today launched a consultation on changes it
plans to make to the combined code on corporate governance.
The proposals follow a review of the code carried out last year, which found
that the code was bedding down well and, as such, only a small number of changes
have been put forward.
The consultation document suggests relaxing existing provisions to allow the
company chairman to sit on the remuneration committee, and adding new provisions
for companies to include a ‘vote withheld’ box on AGM proxy voting forms and to
publish the results of resolutions voted on a show of hands.
Opinions on the proposed changes to the guidance are sought by 21 April, with
the intention that any amendments come into force for financial years beginning,
on or after 1 November, 2006.
Partner at Pinsent Masons says Serious Fraud Office has secured 'one of the top ten enforcement actions of all time'
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance