In February 2020, we published our annual client briefing – 2020 AGM and reporting season: what to expect.
This year, there are substantial new narrative disclosures required for listed companies in annual reports. Whether it is the new section 172 statement or the new 2018 UK Corporate Governance Code reporting with its emphasis on areas such as shareholder and other stakeholder engagement including workforce engagement, company purpose and culture, diversity, remuneration and how to promote long-term sustainable success. Climate change issues and reporting on them have also leapt up the agenda of shareholders, regulators and Governments, with additional reporting also required on energy consumption and energy efficiency measures. Companies will, therefore, need to allocate more time and resources than usual to meet these new requirements for the first time.
The annual client briefing summarises developments to be aware of when preparing for 2020 annual general meetings and compiling the narrative aspects of annual reports. It is aimed principally at premium listed companies. It may also be useful for AIM companies or standard listed companies who choose voluntarily to comply with the UK Corporate Governance Code and any other aspects of legal or regulatory requirements applying to premium listed companies. Below are the areas covered.
2020 AGM Issues
- Specific Resolutions
- Updated Voting Guidelines
- Investment Association Public Register
2020 Narrative Reporting Issues
- Recap on the Miscellaneous Reporting Regulations
- Recap on the 2018 UK Corporate Governance Code
- New Energy Related Reporting
- Key New FRC Publications
- Remuneration Reporting
- Workforce Reporting
- Climate Change Reporting
- Diversity Reporting
- Other Reporting Requirements
If you are a client and have not received this briefing as part of our mailing, but would like to, please submit a request using the enquiry form on our Contact Us page.
