For the first time in law, the 2006 UK Companies Act sets out what a company directors duties are
Following on from my previous post about Sir John Peace who seemed to be able to chair 3 FTSE 100 Boards at the same time SABMiller have announced the appointment of Jan du Plessis, who is currently the chairman of Rio Tinto, as chairman – which will make him chairman of two FTSE 100 companies.
Given the demands of chairing a FTSE 100 board, I would have thought the answer to that question is just the one. This is not the case for Sir John Peace though, who currently chairs 3 – and all of them in some degree of trouble with their shareholders.
The Financial Reporting Council has published its first annual review on how the UK Corporate Governance Code and the Stewardship Code, introduced in 2010, are being implemented, and has also outlined its plans to consult in 2012 on amendments to both Codes and related FRC guidance. UK Corporate Governance Code The FRC reviewed 60 corporateContinue reading “FRC: next steps for corporate governance”