The Code sets out norms of good practice in relation to board leadership and effectiveness, remuneration, accountability and relations with shareholders. All companies with a Premium Listing of equity shares in the UK are required under the Listing Rules to report on how they have applied the Code in their annual report and accounts. The relevant section of the Listing Rules can be found on the Financial Conduct Authority website at: fsahandbook.info/FSA/html/handbook/LR/9/8. The Code contains broad principles and more specific provisions. Listed companies are required to report on how they have applied the main principles of the Code, and either to confirm that they have complied with the Code’s provisions or – where they have not – to provide an explanation. Some of the provisions of the Code require disclosures to be made in order to comply with them. These are summarized in Schedule B to the Code. A new edition of the Code was published in 2014.
Industry sectors covered by the instrument
Organizations covered by the instrument
Companies with a premium listing
Type of instrument
Code of conduct or guideline
Mandatory or voluntary
The geographical scope