In its response to its Green Paper on Corporate Governance, the government invited the FRC and several other bodies to create a group that would work on a set of corporate governance principles for private companies. In January 2018, the FRC announced this group would be chaired by James Wates CBE. The final six principles were published on 10th December 2018.

The IA’s “Repeat Offenders” list captures all companies that appeared on the IA’s Public Register in two consecutive years, for the exact same resolution.

On 28th November 2018 Legal & General Investment Management (LGIM) published their updated “Principles on executive remuneration”. This document is designed to articulate the principles that support their corporate governance and voting policy on executive remuneration. Detailed policy and guidance on executive remuneration is contained within their UK policy on Corporate Governance. http://www.lgim.com/files/_document-library/capabilities/uk-policy-2018.pdf

On 22 November 2018 the Investment Association (IA) published updated executive pay guidelines in light of investor concerns that companies are not listening or responding to shareholders over pay. These “Principles of Remuneration” set out investor expectations and best practice for how companies should pay their top executives in line with the new Corporate Governance Code.

On 19 November 2018, ISS updated their proxy voting guidelines for EMEA and this is effective for Meetings on or after 1 February 2019.

On 16th November 2018, Glass Lewis published updated guidelines on their approach to proxy advice. The UK policy guidelines incorporate not only the recommendations of the UK Code and the requirements of the Act and the UK Listing Authority, but also corporate governance best practices.