Westminster Business Forum

Corporate governance in the UK - the impact of reform, new regulatory codes and structures, and the evolving landscape for good corporate governance

TO BE PUBLISHED March 2020


This conference will discuss the future for corporate governance in the UK.


There will be keynote contributions from:


  • David Styles, Director of Corporate Governance, Financial Reporting Council; and
  • Sanu de Lima, Deputy Director, Corporate Governance, Responsibility & Diversity, Department for Business, Energy and Industrial Strategy.

Further speakers include: Mario Abela, World Business Council for Sustainable Development; Professor Jill Atkins, Sheffield University; Rowena Ironside, Women on Boards; Gilly Lord, PwC; Mark Northway, UK Individual Shareholders Society; Dr Anna Tilba, Durham University; Clare Wardle, Coca-Cola European Partners; and Neville White, EdenTree Investment Management.


It will be an opportunity for stakeholders, regulators, and other interested parties to discuss the working of the updated Corporate Governance Code, as firms begin reporting in line with the new requirements.


We expect discussion on how to address concerns, including:


  • Some firms failing to successfully re-configure their boardrooms to comply with the Code - including rules on separate Chair and CEO roles, and non-executive director appointments; 
  • Doubts that the Code will be useful in addressing long-term cultural issues and preventing future governance failures; and
  • Undue burden and impact caused by the Code which could affect the competiveness of firms, particularly post-Brexit.

The conference also comes with proposals to establish the Audit, Reporting and Governance Authority (Arga) and with anticipated reforms to financial reporting, as consultation takes place on the CMA’s Audit Market Study.


Delegates will consider:


  • How the new regulator could best use its intended statutory powers to strengthen corporate governance, and
  • The appropriate use of these powers to ensure that businesses retain competiveness, and
  • How the work of the new regulator could best be leveraged to attract international investment to the UK.

The discussion takes place as a new parliament begins its work, and comes at a time of wider increased focus on governance issues by regulators, government, investors, and the public.


Proposals set out by parties at the general election for corporate governance reforms include increasing employee representation on boards, incentivising long term shareholding and strengthening corporate purpose.     


The agenda


  • The establishment of the Audit, Reporting and Governance Authority and strengthening corporate governance;
  • The corporate governance framework - the new regulator, the Corporate Governance Code, financial reporting reforms, and the Shareholders Rights Directive II;
  • Corporate governance - an international perspective;
  • Good corporate governance - improving diversity, environment, social and governance (ESG), technology and shareholder relations; and
  • Next steps for corporate governance policy.


Price: £95 PLUS VAT
Format: DOWNLOADABLE PDF


Shortly after every Westminster Business Forum seminar, a briefing document is produced. This is distributed to all delegates on the day as well as to our policymaker contacts in government, and to stakeholders more widely.

A seminar publication provides a timely record of proceedings, and acts as a guide to the latest thinking on current policy issues for those unable to be at the event.

This publication includes

Presentations

Contributions from keynotes and panellists, including accompanying slides*
*Subject to approval


Delegate Pack

Information from the day, including delegate list, biographies and agenda

Q&A

Transcript of questions and comments posed to speakers from attending delegates


Articles

Supplementary articles from speakers
and delegates