FRC issues new governance standards for listed companies
- Changes aim to help company boards become more effective and more accountable to their shareholders
- Performance-related pay should be aligned to the long-term interests of the company, FRC says
- All directors of FTSE 350 companies should be put forward for re-election every year
The Financial Reporting Council has introduced changes to the UK Corporate Governance Code - formerly known as the Combined Code - in an attempt to help company boards become more effective and more accountable to their shareholders.
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