Record-breaking enthusiasm

We recently contributed to amending the UK Corporate Governance Code.

• Our Director of Legal and Risk, gave input to the Chartered Governance Institute’s response to the Financial Reporting Council (FRC).  The consultation began in May and ended September.  

While the Code chiefly affects Listed firms, there is intense interest in improving governance – shown by firms themselves – across various tiers:

• Encouraging signs – the FRC announced that it was delighted with a record number of signatories to the Stewardship Code.  There are 277 signatories representing £44.6 trillion assets under management, in asset management, asset ownership and service providers. Concrete outcomes include improvements in Board diversity and mix; and better disclosure around climate and bio-diversity.

The Code affects Listed Firms but in readiness for Listing, firms should get to grips with Code-related expectations in preparatory ways.

Smaller firms, are swept up in those higher expectations – and the constant upward pressure to have better governance. 

Smaller firms told Government they know expectations also fall upon them:

1. Company executives, recently surveyed by Government, said regulatory duties worry them TWICE AS MUCH as late payment.

We fix that problem: – SEEIO automates business compliance, risk management and due diligence:

• Governance is taken care of in customisable automated bespoke Power Tools for ambitious firms in growth
• Governance that’s fun and dynamic for smaller companies
• easy to use.

Disclaimer

The blogs of Board Originator Ltd / SEEIO and any of its contractors, agents or employees are for the general interest of the readership only.  We do not endorse any news or information we may publish in our blog.  Our blog is not intended to and does not constitute legal or professional advice to any person or business.  Our posts are general news items or updates that may interest our followers and consist of a brief overview therefore are incomplete on information and may contain errors at any time.  Readers are not to rely on our blog content and those that do rely, do so at their own risk.  We accept no responsibility to readers for our blog and we will not be held liable for statements in or third party links within our blogs.  Any common law liability is also excluded as permitted by law.  We do not accept any liability for damages whether direct, indirect, special, consequential or otherwise under any circumstances, whether foreseeable or otherwise.  Please also see our extensive website terms and conditions in the footer of our website.