This is an extract of our Corporate Governance Code document, which we sell as part of our Public Limited Companies Notes collection written by the top tier of Cambridge And Oxilp And College Of Law students.
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Corporate Governance Code What is the UK Corporate Governance Code?How to run a business with a view to improving accountability to shareholders and the market It guides the relationship between the board and the shareholders Do not have to comply There may be other justifiable ways of achieving these ends Must be able to justify parting from the code
Company going for listing thinking "let's not bother"The company may not even get the listing FCA can refuse an application if it doesn't think it's in the interest of investors s75 FSMA The FCA could also place conditions on the listingAssuming we can list, will investors be interested in a company not complying?Shareholders are powerful - pressure they can bring to bear on average company usually brings the board to tow and share price may dropLR 9.8.6R - Comply or explain LR9.8.7R - Overseas company with premium listing must include in its annual report and accounts the information in LR9.8.6RDTR 7.2 - Requires an issuer to include a corporate governance statement in annual report: Which code Where its available Practices and departures from that code Comply or explain Main features of the code Risk managementSanctions s91 FSMA
Composition of the Company Board
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