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United Kingdom
NEWS
Corporate weekly: WFE Transition Equity Principles, section 994 unfair prejudice cases, FRS 101 amendments, and key regulatory consultations and dates (28 May 2026)
In this issue: Environmental, social and governance issues Members Financial reporting obligations Daily and weekly news alerts Dates for your diary Trackers Useful information Environmental, social and governance issues WFE’s draft Transition Equity Principles aim to support credible Net Zero transition pathways The World Federation of Exchanges (WFE), the industry association for exchanges and clearing houses, has issued industry-endorsed Transition Equity Principles spanning exchanges worldwide. The proposals are designed to expand capital access for businesses pursuing decarbonisation goals, while equipping investors with decision-useful disclosures on issuers’ transition plans. See: LNB News 26/05/2026 44. Members Isilay v AVP Capital A FCPI and others [2026] EWHC 1254 (Ch) The Chancery Division declined the Respondents’ bid to strike out or obtain summary judgment regarding the addition of the Sixth Respondent (Blue Cloud) and the contention that board observers acted as de facto...
NEWS
Companies House equality impact assessment: identity and Registrar verification pose accessibility risks but are proportionate and compliant with equality duties; implementation proceeds with ongoing monitoring
Companies House has published an equality impact assessment of its identity verification service and Registrar verification routes. The review explores how verification rules affect company directors, persons with significant control (PSCs), and other comparable officers......
NEWS
WFE publishes draft Transition Equity Principles to facilitate Net Zero transition finance and decision-useful issuer information across global exchanges and clearing houses; formal consultation to follow
The World Federation of Exchanges (WFE), representing the exchanges and clearing houses, has issued industry-endorsed Transition Equity Principles that apply to exchanges across all jurisdictions......
NEWS
UK corporate and capital markets weekly: QCA response to FCA CP26/5 (UK SRS), Jinxin v Auletta deceit claim, MAR disclosure delay, key consultations, deadlines and trackers—16 April 2026
In this issue: Environment, social and governance issues Due diligence and disclosure Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Environment, social and governance issues Quoted Companies Alliance responds to FCA consultation CP26/5 The Quoted Companies Alliance (QCA) has filed its response to CP26/5, the Financial Conduct Authority’s consultation on the proposed UK Sustainability Reporting Standards (UK SRS). The initiative is designed to align listed companies’ sustainability disclosures with the International Sustainability Standards Board (ISSB) framework, with application anticipated from January 2027. While the QCA backs greater consistency and comparability in sustainability reporting, it cautions against regulatory creep. Although UK SRS one and two are intended for Main Market issuers, the QCA notes advisers and investors may treat them as a benchmark for AIM companies. It calls for...
Powers, duties and liabilities of directors—overview
Company directors are responsible for the day-to-day management of the company and its affairs. They can exercise certain powers on the company’s behalf, owe defined duties to it and, in doing so, may incur particular liabilities in their capacity as directors.
Directors' powers
A director’s authority to act for the company derives from the following sources:
- the company’s articles of association
- the Companies Act 2006 (CA 2006)
- the common law
- any relevant members’ resolutions
Those powers are constrained and qualified by:
- any provisions in the company’s articles that restrict or qualify those powers
- CA 2006, including directors’ duties and any matters that CA 2006 reserves for members’ approval
- the common law
- any relevant members’ resolutions
A large company that has adopted and follows a corporate governance code-such as the Financial Reporting Council’s UK Corporate Governance Code, or the Corporate Governance Code produced by the Quoted Companies Alliance (QCA)-will also be subject to the relevant provisions of that code concerning the powers, duties and liabilities of directors.
For further guidance on the nature and extent of directors’ powers to manage a company, see Practice Note: Powers of directors...
Directors’ decision-making
...
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
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