PIRC (the consultancy that provides corporate governance
advisory services to certain institutional investors) has published
the 2022 edition of its Shareholder Voting Guidelines. The
guidelines set out PIRC's views on good corporate governance
for listed companies. They cover a wide range of issues, including
board composition, director remuneration and corporate
reporting.
The 2022 edition of the guidelines include new details on
PIRC's expectations in relation to companies'
management of the transition to net zero and the resilience of
business plans to climate change. In particular, PIRC expects
climate governance to be integrated into a company's risk
management. On diversity, the guidelines set out that PIRC will
recommend voting against the re-election of the nomination
committee chair of any FTSE 100 company that fails to meet the
recommendations of the Parker Review on ethnic diversity. For FTSE
250 companies which fail to disclose their progress on the
