Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Corporate governance definition

What does Corporate governance mean? Corporate governance describes the system by which a company is directed and controlled: how the board, management and shareholders exercise authority, make decisions, manage risk and ensure accountability, transparency and long-term success. In practice it covers board composition (including independent non-executive directors), division of responsibilities, audit and internal controls, remuneration, shareholder rights, stakeholder engagement and reporting. The term is descriptive rather than a single statutory concept. In the UK, expectations are set mainly by soft-law codes (notably the UK Corporate Governance Code on a “comply or explain” basis, and the Wates Principles for large private companies) alongside companies legislation (for...

Archived: 2017 UK corporate governance horizon scanning: key expected reforms, reporting obligations and consultations

Published by a LexisNexis Corporate expert

Practice notes

This archived Practice Note set out the principal developments expected to influence the Corporate governance landscape in 2017. It has not been updated since 2017. For legal changes from January 2018 onwards, see Practice Note: Corporate governance: horizon scanning—2018 and beyond. You are welcome to share suggestions for topics we should track at KnowhowLawyersCorporate@lexisnexis.co.uk.

Mini-Index

January 2017
February 2017
April 2017
May 2017
No specific date in 2017 confirmed

January 2017

Non-Financial Reporting Directive 2014/95/EU (Reporting Directive): UK disclosure duties under the Reporting Directive apply to financial years commencing on or after 1 January 2017. The Directive amends the EU Accounting Directive 2013/34/EU, adding reporting obligations for certain companies with more than 500 employees. Required disclosures cover company policies, environmental risks, social and workforce matters, respect for human rights, anti-corruption and bribery issues, and board diversity. The UK consultation response deadline was 15 April 2015, with changes anticipated to take effect for financial years beginning on or after 1 January 2017. In November 2016 the Financial Conduct Authority (FCA) introduced a...

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Web page updated on 21/05/2026

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