FRC’s Update to UK Corporate Governance Code

Good corporate governance underpins and supports the success of the economy. The UK Corporate Governance Code 2024 (the ‘Code’) provides companies with a flexible framework that promotes trust, transparency, and accountability so that investors have confidence in the long-term integrity and competitiveness of some of the UK’s largest and most complex businesses. The Code supports companies in meeting their governance responsibilities to their stakeholders and ensures they are compliant with elements of UK listing rules. On 22 January 2024, the Financial Reporting Council (FRC) published a revised edition of the Code. This Early Impressions publication provides an overview of the key considerations of the new edition of the UK’s Corporate Governance Code.