Glass Lewis, 07/16/2018
The new UK governance code, released July 16, is moving away from the tick-box approach to disclosure, setting new standards for regulators, such as the SEC, in hopes that companies will increase transparent reporting.
The code states that it “broadens the definition of governance and emphasises the importance of:
- Positive relationships between companies, shareholders and stakeholders.
- A clear purpose and strategy aligned with healthy corporate culture.
- High quality board composition and a focus on diversity.
- Remuneration which is proportionate and supports long-term success.”
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