Governance in brief

The headlines

Governance in brief is a summary of the latest corporate governance developments, incorporating details of the source, relevant dates and links to further information

June 2019

Standards proposed for listed company board effectiveness reviews

Following its ‘Insolvency and Corporate Governance’ consultation paper, the Government invited ICSA: The Governance Institute to identify ways of improving the quality and effectiveness of board evaluations including the development of a code of practice for external board evaluations. The consultation document issued by the ICSA seeks views on whether there is a need for:

  • A code of practice for the providers of board evaluation services, and formal arrangements for implementing and monitoring such a code;
  • Voluntary principles to be applied by listed companies when engaging external reviewers to undertake board evaluations; and
  • Guidance for listed companies on disclosure of the conduct and outcomes of their board evaluation, in accordance with the 2018 UK Corporate Governance Code.
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