This UK Corporate Governance Code Playbook is based on the Financial Reporting Council’s UK Corporate Governance Code consultation document | May 2023.
The consultation document states that the UK Corporate Governance Code (the Code) is a highly effective driver of good governance in the companies that adopt it, either as a requirement of the Listing Rules, or because they choose to do so voluntarily. The Code has been emulated in other jurisdictions and has been successful because it is principles-based and flexible, rather than being prescriptive.
The UK Corporate Governance Code Playbook addresses the following section’s principles and provisions:
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Section 1 – Board leadership and company purpose
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Section 2 – Division of responsibilities
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Section 3 – Composition, succession and evaluation
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Section 4 – Audit, risk and internal control
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Section 5 – Remuneration
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