Jurisdiction(s):
United Kingdom

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Key definition

Governance definition

What does Governance mean? Governance, in pensions practice, describes how a trustee board organises itself and exercises oversight, decision-making and control over an occupational pension scheme to meet legal and fiduciary duties. It encompasses the scheme’s structures, policies and internal controls, and how trustees delegate to and supervise advisers, administrators and asset managers, monitor performance, manage risk and record decisions. The term is descriptive rather than a defined legal term, but key governance requirements are prescribed in legislation and regulatory codes. In the UK, the Pensions Act 2004 and scheme administration/governance regulations, together with The Pensions Regulator’s General Code, require an effective system...

Archived Summer 2020 COVID-19 tracker: local government governance, legislation, restrictions, planning, meetings, financial support, government guidance, news analysis and case law

Published by a LexisNexis Local Government expert

Practice notes

This tracker recorded key developments, legislation, guidance and briefing notes from the initial coronavirus (COVID-19) response, spanning June to August 2020, with a focus on matters affecting local government governance. It is intended as a historical record of the legislation and guidance in effect and applied during that time. For current developments, see: Coronavirus (COVID-19)—governance tracker.

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Primary legislation
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News Analysis
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Primary legislation

Corporate Insolvency and Governance Act 2020

When in force: In part from 26 June 2020, with remaining provisions commencing on a day set by the Secretary of State through regulations.
Summary: Provides for companies and other entities facing financial difficulty, introducing temporary changes to the law governing the governance and regulation of companies and other entities...

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