Published in July 2018, the 2018 UK Corporate Governance Code (Code) replaces the 2016 UK Corporate Governance Code (2016 Code) as the key source of corporate governance recommendations for companies with a premium listing. The Code consists of 18 ‘Principles’ of good governance and 41 ‘Provisions’. It has five sections dealing with:
- Leadership;
- Division of responsibilities;
- Composition, succession and evaluation;
- Audit, risk and internal control; and
- Remuneration