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ARTICLE · 01 FEBRUARY 2024

Revised UK Corporate Governance Code Published

Arthur Cox
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The FRC published the revised UK Corporate Governance Code (the 2024 Code) following its consultation last May and its announcement in November that it would take forward a small number...

United KingdomCorporate/Commercial Law
Aisling Carey
Aisling Carey
Suzanne Kearney
Suzanne Kearney
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The FRC published the revised UK Corporate Governance Code (the 2024 Code) following its consultation last May and its announcement in November that it would take forward a small number of the proposed amendments to the 2018 UK Corporate Governance Code (the 2018 Code).

The 2024 Code includes changes in the following areas:

  • Board leadership and company purpose: Governance reporting to focus on board decisions and outcomes in the context of company strategy and objectives. Boards to not only assess and monitor culture but how it has been embedded.
  • Composition, succession and evaluation: Board appointments and succession plans should promote diversity, inclusion and equal opportunity (references to specific diversity categories removed).

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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