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E-Bulletins
Corporate Finance
FRC issues revised Combined Code
In the January edition of our E-Bulletin we reported that the Financial Reporting Council had issued a consultation paper in relation to amendments which it proposed to make to the Combined Code on Corporate Governance. The key amendments proposed were:
- to remove the restriction on an individual chairing more than one FTSE 100 company, and
- to allow the chairman of a smaller listed company (that is, a company outside the FTSE 350) to be a member of the audit committee where he or she was considered independent on appointment.
At the end of May, the FRC announced that it intended to make these changes to the Combined Code. The revised Code was published on 27 June 2008. The changes will apply to financial periods beginning on or after 29 June 2008.
To view the revised Combined Code please click here.
30 June 2008
Related practice areas
In this e-bulletin
- Disclosure regime for significant short positions in companies undertaking rights issues
- Market abuse regime – Extension of expiry date for sunset clauses
- FSA Market Watch newsletters – Issue Nos. 27 and 28
- LSE imposes public censure and fine for breaches of the AIM Rules
- UKLA Update – Electronic communication
- Companies Act 2006 - Implementation timetable