The UK’s top companies could face a shortage of non-executives if they
strictly adhered to new governance rules about rotation.
A third (32%) of non-executive directors have served on the same board for
more than six years, with 10% serving more than nine years.
“The corporate governance code was drawn up with the best of intentions, but
it will cause an acute shortage of non-executive directors at FTSE 100
companies,” said Andrew Garner, chief executive of
Under the new
Governance Code issued by the Financial Reporting Council, any term
beyond six years for a non-exec should be subject to “particularly rigorous
review”, and taken into account the need for progressive refreshing of the
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season