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2 weeks ago | 
ashurst.com | Will Chalk |Rob Hanley
In AGC Update, Issue 63 - Item 10, we noted that directors of companies registered with Companies House (including overseas directors of both UK companies and UK 'establishments') will, from 8 April 2025, be able to verify their identity on a voluntary basis. Companies House guidance on how to do so can be accessed here. How can a director voluntarily verify their identity?
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1 month ago | 
ashurst.com | Will Chalk |Rob Hanley
The Financial Reporting Council has published revised guidance on the 'Going concern basis of accounting and related reporting, including solvency and liquidity risks' having concluded its consultation launched in August 2024 (see AGC Update, Issue 55 – Item 7 for more on the consultation; the feedback statement can be found here).
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2 months ago | 
lexology.com | Will Chalk |Rob Hanley |Becky Clissmann |Vanessa Marrison |Marianna Kennedy |Shan Shori
Economic Crime and Corporate Transparency1.
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2 months ago | 
ashurst.com | Will Chalk |Rob Hanley
Based on what they are seeing in the market, our global governance, sustainability, and risk advisory experts have published their priorities for Boards in 2025. Some priorities have evolved because of challenges encountered last year, while new priorities address emerging issues and opportunities. We hope that these priorities will serve as a catalyst for meaningful discussion and debate within your organisation.
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Dec 5, 2024 | 
ashurst.com | Will Chalk |Rob Hanley
The Financial Reporting Council has published its Annual Review of Corporate Governance Reporting 2024. This follows its Annual Review of Corporate Reporting which was published in September 2024 (see AGC Update – Issue 56, Item 4). The purpose of the review is to showcase examples of good reporting and explore areas for improvement as companies prepare to implement and report against the 2024 UK Corporate Governance Code.
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Nov 12, 2024 | 
ashurst.com | Will Chalk |Rob Hanley
The UK government has published the long-awaited guidance on the 'failure to prevent fraud offence' in the Economic Crime and Corporate Transparency Act 2023. The offence will apply to all UK companies, limited liability partnerships and limited partnerships that meet the statutory test for being a "large" organisation (meeting at least two out of the following three criteria: more than 250 employees; more than £36 million turnover; or more than £18 million in total assets).
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Oct 22, 2024 | 
ashurst.com | Will Chalk |Rob Hanley
The updated Investment Association Principles of Remuneration have been published, responding to concerns that the previous Principles and guidance was too prescriptive, making it difficult for companies with a global presence to attract top executives, particularly from the US. The revised guidance reiterates that the Principles are not a set of rules but an approach to remuneration practices commonly accepted as appropriate for the majority of companies.
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Oct 3, 2024 | 
ashurst.com | Will Chalk |Rob Hanley
The Association of Investment Companies has published an updated version of its Code of Governance for investment companies (AIC Code) which reflects the publication of, and incorporates many of the relevant changes to, the updated 2024 UK Corporate Governance Code (UK Code). You can find our overview of the principal differences between the 2024 UK Code and the 2018 version here; our overview of the related updated Guidance on Board Effectiveness is here.
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Oct 3, 2024 | 
lexology.com | Will Chalk |Rob Hanley |Marianna Kennedy |Vanessa Marrison |Becky Clissmann
Corporate Governance1. AIC publishes updated version of its Code of GovernanceThe Association of Investment Companies has published an updated version of its Code of Governance for investment companies (AIC Code) which reflects the publication of, and incorporates many of the relevant changes to, the updated 2024 UK Corporate Governance Code (UK Code).
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Aug 22, 2024 | 
ashurst.com | Will Chalk |Rob Hanley
The Financial Conduct Authority has published two consultation papers on its proposals for the new Public Offers and Admissions to Trading Regulations (POATR) regime: CP24/12 sets out the FCA’s proposals for when companies will need to produce a prospectus for the admission of securities to UK regulated markets or certain ‘primary’ multilateral trading facilities (MTFs), such as AIM, in addition to detailed requirements for the content of prospectuses for regulated markets.
