Understanding and Embedding the New UK Corporate Governance Code

Date: On a date of your choice
Location: Delivered as an interactive briefing
Event Code: UENUKCGC

Course Details

In July 2018 The UK Corporate Governance Code was substantially re-written 25 years on from the Cadbury Report. The Code is shorter and even more meaningful, together with the expanded and helpful accompanying Guidance on Board Effectiveness. What does this mean for your business? Firms beyond FTSE 350 companies need to heed the Code as the Financial Services regulators look to it as best practice in the governance of all regulated businesses. In addition, there are now the Wates Principles for large private companies. Which will your firm choose?

It is essential that Board Members are aware of the standards they are required to meet and understand the regulators’ perspective.  Being a Board member is not an ‘easy’ option. This unique 2 hour webinar will update you on developments, explore some common challenges, and facilitate thinking through how you evidence the effectiveness of your Board.

Who should attend:

Ideal for all Board Directors.  Also highly relevant for Company Secretaries, Compliance and HR Directors who play a key role in supporting the Board and Committees.


1. Board Leadership and Company Purpose

  • The expectations of the Board
  • Understanding the Changes in the new FRC Code and comparison to the Wates Principles
  • What regulators now expect and what they focus upon
  • Sources of assurance

2. Division of Responsibilities

  • Board composition
  • Individual Roles and Accountabilities
  • Ensuring the Right Information is Received
  • The Company Secretary’s Role
  • Differences between the Code and Wates Principles

3. Composition, Succession and Evaluation

  • An overview of Changes in the new FRC Code and Wates Principles

4. Audit, Risk and Internal Control

  •  An overview of Changes in the new FRC Code and Wates Principles

5. Remuneration

  •  An overview of changes in the new FRC Code and Wates Principles

6. Frequent challenges

  • Culture and commitment
  • ‘Passive’ directors and ‘over involved’ directors
  • Poor quality information packs
  • What to address in the annual cycle
  • Selecting and using advisers
  • Market  influences versus business and individual performance
  • Disclosure and reporting

Key Benefits

  • Gain a clearer understanding of the roles of the Board, Committees, and Board Members
  • Learn what practices and pitfalls other Boards have experienced and how to avoid them
  • Understand changes in the new UK Corporate Governance requirements and learn about emerging ‘good practices’ from other geographies
  • Review the differences between the Code and the Wates Principles
  • Review your current scope and structure against the new standards
  • Know the principles that regulators expect to be applied in the UK and other major financial centres
  • Understand best practice for selecting and using external advisers
  • Explore how to set and assess effectiveness across the Board

Your Consultant: Judy Delaforce

Judy Delaforce is Chief Executive of BP&E Global and leads on many of the board evaluations undertaken for a wide range of financial services organisations. She specialises in effective Boards, development of Leadership and individual potential which she combines with an excellent insight into business and regulation.

An international Programme Leader, Judy has worked at Board and Senior Manager level across many financial sectors and regulatory bodies over the last 20 years.

She is a Member of the European Corporate Governance Institute and the European Mentoring & Coaching Council. Judy is trained in a variety of disciplines including executive coaching. She is a regular writer on Board matters for the various specialist sites and magazines including Thomson Reuters and The Institute of Turnaround.




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