Acca financial Accounting (FA) Study Text ac ca (FA)

Examples of corporate governance 

 

The UK Corporate Governance Code (2010)  

The UK adopts what is commonly referred to as a 'comply or explain' 

approach to corporate governance. All listed companies in the UK have 

to submit a report stating how they have complied with the provisions of 

the code and a statement of compliance with the code. If they have not 

been compliant they have to explain why they have not complied and 

what alternative action they have taken. 

The code provides guidance on five areas of governance: 

(i) 

leadership of the company 

(ii)  effectiveness of the board 

(iii)  accountability of the board 

(iv)  remuneration of the board 

(v)  board relations with shareholders. 

 

 

 

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