By Daniel O’Gorman, Richard Naish
On 16 July 2018 the Financial Reporting Council (FRC) published the 2018 UK Corporate Governance Code. It will apply to financial years starting on or after 1 January 2019. The FRC has been busy for the last year or so drafting and consulting on a revised UK Corporate Governance Code and Guide on Board Effectiveness (2018 Code).
The 2018 Code was finally published during the summer and will come into effect for accounting periods starting on or after 1 January 2019. The FRC states that the 2018 Code “puts the relationship between companies, shareholders and stakeholders at the heart of long-term sustainable growth in the UK economy.