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Parker review meaning

What does Parker review mean?
A series of independent reports led by Sir John Parker assessing and promoting ethnic diversity on UK company boards and in senior management. In legal practice, “Parker review” denotes these reports and their voluntary targets for FTSE 100/250/350 companies to include at least one director from a minority ethnic background by specified dates, alongside recommendations on succession planning, data collection and enhanced annual report disclosures. The term is not defined in legislation or case law; it is a descriptive expression widely used across corporate governance, listing and ESG contexts. Parker review findings (first issued in 2017 and updated periodically) are frequently cited in board appointment processes, nomination committee terms of reference, due diligence, corporate governance statements and investor engagement. While non‑statutory, the review shapes market practice and complements the UK Corporate Governance Code and FCA Listing Rules diversity disclosure requirements for listed companies. Usage is broadly consistent across England & Wales, Scotland and Northern Ireland. In Ireland, the review has no formal legal status but is often referenced as a governance benchmark, particularly for Irish issuers with UK listings or significant UK operations, when advising on board diversity, reporting and stakeholder expectations.
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NEWS
UK Private Client: case law, probate and trusts, Court of Protection, vulnerable clients, tax/HMRC and devolved nations updates—12 September 2024

In this issue: Probate Trusts Court of Protection Elderly and vulnerable clients UK taxes for Private Client HMRC Manuals updates Budgets and Finance Bills Pensions, insurance and tax efficient investments Scotland, Wales and Northern Ireland International Question of the week Additional Private Client updates this week Daily and weekly news alerts LexTalk®Private Client: a Lexis+® community New and updated content Dates for your diary Trackers Latest Q&As Useful information Probate HMRC updates schedule IHT430 HMRC has issued a revised IHT430 schedule, used when claiming or choosing not to apply the reduced rate of inheritance tax where at least 10% of an estate is left to charity. The section on qualifying charities has been amended following legislative changes, meaning gifts to EU charities no longer secure IHT exemption. See: LNB News 10/09/2024 40. Source: Inheritance Tax: reduced rate of Inheritance Tax (IHT430)—GOV.UK (www.gov.uk). Trusts...

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NEWS
UK employment law weekly briefing: ERB bolstered, directors’ pay/audit reforms, NMW and sectoral wage changes, key tribunal and appellate rulings, immigration rule updates—13 March 2025

In this issue: Horizon scanning Directors Employment contract Pay Tax Prohibited conduct protection at work Diversity and gender pay gap Whistleblowing Union status and obligations Financial services and banking: employment issues Employment tribunals Immigration IRLR Highlights—April 2025 New and updated content Dates for your diary Trackers New Q&As Employment resources on Lexis+® LexTalk®Employment: a Lexis®Nexis community Daily and weekly news alerts Horizon scanning Calls from businesses urging the UK government to moderate its employment law agenda have been largely set aside, with the Employment Rights Bill (ERB) further enhancing workers’ entitlements on 4 March 2025. See Law360: Employment Rights Bill is pro‑worker but not pro‑business. Directors The Department for Business and Trade (DBT) has issued the draft Companies (Directors’ Remuneration and Audit) (Amendment) Regulations 2025, which are undergoing parliamentary sifting as at 4 March 2025. The package is intended to streamline directors’...

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NEWS
UK commercial law weekly: ICO cookie enforcement and AI, ASA actions, Amazon trade mark ruling, Camelot online T&Cs, procurement review, HMRC customs, sector investments—7 March 2024

In this issue: Advertising, marketing and sponsorship Agency and distribution Contracts E-commerce International Procurement Supplier management LexTalk®Commercial: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Latest Q&A Advertising, marketing and sponsorship UK cookie-banner offenders heading for enforcement, with hopes on AI to track down more, ICO says MLex reports that companies persisting with unlawful online cookie banners are squarely on the Information Commissioner’s Office (ICO) radar, its head said, while launching a simultaneous ‘hackathon’ to build artificial intelligence (AI) tools to locate non-compliant sites. Information Commissioner John Edwards told a conference that enforcement against some of the UK’s biggest websites already flagged as non-compliant will follow shortly. He also used the speech to underline that society’s use of AI is his office’s most significant and urgent priority. See News Analysis: UK cookie-banner offenders heading for enforcement, with hopes on AI to...

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View the related Practice Notes about Parker review

PRACTICE NOTES
Archived Court of Protection case tracker: key England & Wales judgments (2021–2024) on capacity, best interests, medical treatment, deprivation of liberty and cross‑border issues

ARCHIVED: This tracker is archived and no longer updated. For an overview of Court of Protection cases from 2025 onwards, see: Court of Protection—table of cases. P, Re (Property & Affairs Deputyship: Jurisdiction) [2024] EWCOP 77 (T2) Court of Protection determines it has jurisdiction to consider whether P’s mother should continue as property and affairs deputy The proceedings related to P, an adult who sustained a brain injury in an accident and had a substantial personal injury claim. His mother had been appointed by the Court of Protection as his property and affairs deputy, and the present decision addressed an application seeking to revoke that appointment. The litigation had been protracted. Earlier, the court permitted ‘closed material’ to be withheld from P’s parents to facilitate capacity assessments; for a summary of that ruling, see here. Despite that step, neither the Official Solicitor nor the court gained clarity about P’s condition or even his location. It was reported that P was now residing in Italy. HHJ Burrows concluded that...

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PRACTICE NOTES
UK corporate governance: FTSE 100 ethnicity reporting in annual reports—Parker Review compliance, data challenges, best-practice guidance and legal/regulatory developments (2020)

ARCHIVED: This content was published in 2020 and is not maintained. The Market Standards Trend Report, Ethnicity in Corporate Governance Reporting 2020, reviews the current recommendations and guidelines for public companies concerning ethnic diversity reporting in the UK, concentrating on the way these expectations and requirements have been interpreted, implemented and publicly reported on by FTSE 100 constituents. The report also assesses recent and upcoming developments anticipated to influence this area, and offers companies expert best practice guidance in advance of the target deadline set by the Parker Review for FTSE 100 companies to have at least one ethnic minority director on the board by the end of 2021. Topics covered include: an overview of ethnic diversity targets and reporting requirements for public companies an examination of the common challenges experienced in relation to definitions, terminology, and ...

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PRACTICE NOTES
UK corporate governance, reporting, audit and stewardship: 2019 horizon scan—key dates and reforms (archived)

This archived Practice Note captured the principal developments anticipated to influence the corporate governance regime in 2019. It has not been updated since 2019. For developments from January 2020 onwards, see Practice Note: Corporate governance horizon scanning—2020 and beyond. Please send suggestions for topics we might track to KnowhowLawyersCorporate@lexisnexis.co.uk... Mini-index January 2019 February 2019 March 2019 April 2019 June 2019 July 2019 September 2019 October 2019 No specific date in 2019 confirmed 2020 and beyond January 2019 From 1 January 2019, the revised UK Corporate Governance Code (UKCG Code) applies to premium listed companies with accounting periods beginning on or after that date. The update stems from the government’s response to the Green Paper Consultation on Corporate Governance Reform, together with the Hampton-Alexander Review and the Parker Review. Headline changes address executive remuneration and give greater prominence to the voices of employees, customers and suppliers. Further amendments require directors to focus on the...

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