Abstract
The purpose of this article is to identify, explain and critique the substantial changes in the UK revised Corporate governance Code as well as the Wates Principles. This article argues that these changes could promote the performance of the investors and companies in dealing with economic issues. On the other hand, these changes are less effective when it comes to social and environmental issues. Keywords: corporate governance, reforms, revised Code, Wates Principles DOI: 10.7176/JLPG/106-04 Publication date: February 28 th 2021
Highlights
Substantial global attention has been paid to corporate governance since the Financial Crisis of 2007-2008
The Financial Reporting Council (FRC) believe these substantial changes will improve the role of investors and companies in resolving economic, environmental and social problems
8 the revised Code emphasises workforce engagement by directing companies to appoint a director from within the workforce, it does not provide the mechanism for choosing that director even in the Guidance on Board Effectiveness, so this process may be challenging for companies
Summary
Substantial global attention has been paid to corporate governance since the Financial Crisis of 2007-2008. 8 the revised Code emphasises workforce engagement by directing companies to appoint a director from within the workforce, it does not provide the mechanism for choosing that director even in the Guidance on Board Effectiveness, so this process may be challenging for companies Another substantial change in the revised Code is its emphasis on the composition of high-performing boards and on diversity through deferent detailed changes. The last primary change to the Corporate Governance Code is the new emphasis on designing proportionate remuneration policies and implementing practices to promote sustainable success. The aim of this change is demonstrated in the Government’s response to the Green Paper consultation.. The FRC claims that these substantial changes would lead to better actors in the capital market, resulting in
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
