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: 2020 UK and EU corporate governance developments—timeline of key reforms, consultations and reporting changes, including stewardship, audit and climate disclosures, with milestones to 2025

Published by a LexisNexis Corporate expert

Practice notes

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This archived Practice Note outlined the principal legal developments anticipated to affect the Corporate governance framework in 2020. It has not been updated since that year. For a broader overview of key legal changes expected to influence corporate lawyers in 2021 and thereafter, see Practice Note: Corporate governance horizon scanning—2021 and beyond.

Mini–Index

January 2020
February 2020
March/April 2020
May 2020
June 2020
July 2020
September 2020
October 2020
No specific date in 2020 confirmed
2021 and beyond

January 2020

1 January 2020: The revised Stewardship Code applies to Reporting periods commencing on or after this date. The Financial Reporting Council (FRC) issued the updated Code, setting robust expectations for those investing on behalf of UK savers and pensioners. It provides a clear yardstick for stewardship—responsible allocation, management and oversight of capital—to deliver long-term value for clients and beneficiaries, with sustainable benefits for the economy, the environment and society. See LNB News 24/10/2019 74.
1 January 2020: The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019. Unquoted traded companies which

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Web page updated on 21/05/2026

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