The British Government has issued today a new package of Corporate Governance reforms in response to its related Green Paper

29.08.2017

The British Government has issued today a new package of Corporate Governance reforms in response to its related Green Paper.

Main reforms announced include:

  • New laws will force all listed companies to reveal the pay ratio between bosses and workers
  • All listed companies with significant shareholder opposition to executive pay packages will have their names published on a new public register
  • New measures will seek to ensure employee voice is heard in the boardroom

 

Stephen Martin, Director General of the IoD: “We welcome the pragmatic approach the government is taking to improve how company boards work. We’re particularly pleased that there will be a code for large private businesses, as the principles of good governance should extend beyond the companies listed on the stock market”. In 2010, ecoDa issued a guidance for unlisted companies.

See the full response:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/640470/corporate-governance-reform-government-response.pdf

See ecoDa CG Guidance for unlisted companies:

http://ecoda.org/uploads/media/GUIDANCE_-_2010_CG_for_Unlisted_-_EU.pdf