London exchange issues governance guide
UK – The London Stock Exchange has published a guide to corporate governance in association with consulting firm RSM Robson Rhodes.
The exchange said ‘Corporate Governance: A Practical Guide’ will be available free of charge to UK companies and other interested parties. It is designed to give “best practice guidance to boards on how to lead and direct their businesses successfully”.
“Corporate Governance issues are at the forefront of the corporate agenda at the present time and we believe that this guide will provide practical insight into best practice on boardroom effectiveness to help boards achieve their strategic objectives and build enduring value in their businesses,” said Fred Stone, head of IR solutions at the exchange.
The guide covers selection board selection, succession-planning as well as other issues such as strategy, risk management, shareholder communication and corporate social responsibility.
It also provides advice on the new Combined Code on Corporate Governance. Under current listing rules, all UK incorporated companies listed on the London Stock Exchange have to report on how they have applied the principles of the Code.
"Getting the right board in place and making sure it works effectively is a key business issue,” said Anthony Carey, the author of the guide and a partner at RSM Robson Rhodes.
“Building world-class companies starts at the top of the organisation, in the boardroom. In implementing the new Combined Code over the next few months, boards have a great opportunity to do so in a way that builds enduring value in the business.”