The NEW UK Governance Codes

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

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. There is also the new Wates Principles for large private firms. 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.

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 briefing 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 differences 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
  • Understand the new Wates Principles and differences to the Code
  • 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: John Constable

John’s career began in the RAF and has spanned retailing and financial services, the last 15 years as an independent consultant specialising in executive and board development. His business and regulatory experience equips him to bring a joined-up approach to governance, strategy, risk and finance. This is positioned in full recognition of the dilemmas and multiple – and often conflicting - demands within the board’s “day job”.

A great communicator, he brings commercial awareness, credibility, and pure energy. His versatility allows him to lead and challenge executives and senior managers, providing current and relevant examples to illustrate, draw parallels and clarify complexity.

John’s published articles have encompassed financial crime, learning and development strategies, operational risk management, change management and Solvency II.

John has a BA (Hons) in History from Kings College London, he holds an Open University Certificate in Financial Management, a Diploma in Management from Henley and is a Member of Chartered Institute of Personnel and Development..  




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