Effective company stewardship
The UK Corporate Governance Code considers leadership and effectiveness of a company’s board. The UK Corporate Governance Code has always placed great importance on the clarity of the roles and responsibilities of the board and its members, and on accountability and transparency. However, an effective board and its members must think hard about the way in which they carry out their role and the behaviors that they display, not just about the structures and processes that they put in place. In July 2018 the Financial Reporting Council published updated guidance to assist boards in this area.
Financial Reporting Council reviews
Guidance
- Investment Association: Good Stewardship Guide 2021 – February 2021
- FRC Guidance on board effectiveness - July 2018
- ICSA and Investment Association: The stakeholder voice in board decision making - September 2017
- Investment Association Transaction Guidelines - November 2014
- Policy Exchange Board rules: Improving corporate governance – April 2014
- ICSA Guidance Enhancing Stewardship Dialogue - March 2013
Investment Association’s Public Register
Investor Forum
- Investor Forum
- Collective Engagement Framework - April 2016
- Introducing the Investor Forum: Discussion Paper - October 2014
- The Investor Forum appoints board - October 2014
- The Investor Forum appoints Executive Director and Chairman - July 2014
- The Collective Engagement Working Group's report on collective engagement - December 2013
Financial Reporting Council reviews
- FRC: Review of Stewardship Reporting 2022 – November 2022
- FRC Proposed revisions to International Standards on Auditing to give effect to the FRC’s effective company stewardship proposals - April 2012
Other reports and developments
- FRC: The influence of the UK Stewardship Code 2020 on practice and reporting – Research study - July 2022
- FRC: Workforce engagement and the UK Corporate Governance Code – A review of corporate reporting and practice – May 2021
- ICSA: Review of the effectiveness of independent board evaluation in the UK listed sector – January 2021
- ICSA: The effectiveness of independent board evaluation in the UK listed sector – consultation – May 2019
- TUC All Aboard: Making worker representation on company boards a reality – October 2016
- FRC Corporate Culture and the Role of Boards: Report of Observations – July 2016
- The Investment Association and EY launch report on “Board Effectiveness - continuing the journey” - April 2015
- ABI Report on Board Effectiveness - December 2012
- FRC Effective Company Stewardship: Next Steps - September 2011
- ABI Report on Board Effectiveness - September 2011
- FRC Effective Company Stewardship: Enhancing Corporate Reporting and Audit - January 2011
