Governance advisory

  • Apr162024

    Reporting under the new UK Corporate Governance Code

    Earlier this year, the Financial Reporting Council announced revisions to the UK Corporate Governance Code, aimed at enhancing transparency and accountability of UK public limited companies. In this fourth and final edition in our series of indigoINSIGHTs on the updates, we focus on how and where boards should report against the Code, the timings of the changes and how compliance will be monitored.

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  • Mar262024

    Preparing for the new UK Corporate Governance Code

    Following the FRC’s publication of the UK Corporate Governance Code 2024 and associated guidance, the clock is now ticking for boards to fully understand the key changes and take action to review and update their governance arrangements where necessary. Our latest indigoINSIGHT explores the next steps for boards to consider in preparation for the new requirements.

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  • Mar072024

    Gender diversity in AIM company boards

    In celebration of International Women’s Day 2024, Addidat and Indigo: Independent Governance are delighted to collaborate for a second year to provide insights into gender diversity on the boards of AIM quoted companies. Despite some progress, the lethargic pace of change remains disappointing, with 37% of AIM firms still lacking female representation. Diversity remains a crucial factor for optimising board effectiveness and commercial success and boards are therefore urged to take stock of their approach to equality and inclusion.

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  • Feb222024

    Guidance to the UK Corporate Governance Code 2024

    In the second Indigo INSIGHT in our series addressing changes to the UK Corporate Governance Code, we look at the guidance released by the FRC to support boards and their advisors in implementing the changes. The new Guidance offers helpful detailed advice and examples. The Guidance, published alongside the Code, aims to clarify principles and stimulate discussion for effective decision-making, within the familiar ‘comply or explain’ regime. The Code will apply to financial years starting on or after 1 January 2025.

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  • Feb202024

    Note taking in Meetings

    The effective minuting of meetings is a deceptively challenging and time-consuming task, but one that is invaluable to boards and far more than an administrative formality. In our latest indigo INSIGHT, drawing upon the results of a recent LinkedIn poll, we consider the merits of different methods of in-meeting note taking, including on-the-spot typing, the use of recordings as well as traditional pen and paper.

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  • Feb152024

    Amendments to the UK Corporate Governance Code

    The FRC have announced revisions to the UK Corporate Governance Code to enhance transparency and accountability for UK public limited companies, aiming to foster growth and competitiveness and attract investment. Key changes include clarifying reporting focus on board decisions, promoting diversity, strengthening risk management and introducing malus and clawback clauses in directors’ contracts. The revised Code will come into effect for financial years starting on or after 1 January 2025.

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  • Jan082024

    The Economic Crime and Corporate Transparency Act (the Act) new failure to prevent fraud offence

    The Economic Crime and Corporate Transparency Act introduced a new corporate offence (s199) – ‘failure to prevent fraud’. The offence, targeting large organisations, aims to protect victims, improve corporate culture, and could result in severe penalties, including an unlimited fine. Boards are advised to act now to ensure they have ‘reasonable procedures’ in place to mitigate fraud risks and provide them with a defence if necessary.

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  • May252023

    UK Corporate Governance Code consultation

    The consultation document on the UK
    Corporate Governance Code has now been published. What do you need to know?

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  • May042023

    Not finished yet

    Although the FTSE Women Leaders Review has reported real progress on targets to achieve female representation on boards, smaller listed companies still have a long way to go.

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  • Mar082023

    Gender diversity; an opportunity for AIM-listed firms

    On International Women’s Day 2023, Indigo is proud to join forces with Addidat, the leading provider of ESG benchmark data for the London Stock Exchange AIM market, to review women on boards and gender pay gap data for AIM listed companies, and to look at the benefits of improving diversity on these boards.

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