Put A Stake In It

Stakeholder engagement is key to upholding principles of the UK Corporate Governance Code

As we approach the end of 2019, many companies will be thinking ahead or may have even begun drafting their annual reports. With significant changes to the many codes of governance (e.g. the QCA Code) as a result of the publication of the UK Corporate Governance Code 2018 (the 'Code') and the introduction of the Companies Miscellaneous Reporting Regulations 2018, 2019 has been a transitional period for many companies as they put arrangements in place to implement the necessary changes to achieve compliance. One of the key areas which most companies will no doubt be focusing on is stakeholder engagement, following the Code's emphasis on companies effectively engaging with their shareholders and wider stakeholders.