This morning the Government set out its “world leading” package of corporate governance reforms designed to increased boardroom accountability and enhance trust in business. The reforms focus on three areas: Executive pay, employees’ voices, and corporate governance in privately-held businesses. The announcement follows a wide-ranging consultation which ended in February. Despite the “watering down” of some of these proposals, there are positives including the development of a new corporate governance code for privately-held businesses.
UKSIF has produced a summary brief of the Government’s proposals which is available here.