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Corporate Governance Update - Winter 2009/10

Summary of Developments

UK
  • The Walker Report: A Review of Corporate Governance in UK Banks & Other Financial Industry Entities
    • commissioned by the PM in Feb 09, Draft report issued 16 Jul 09 for 3 months’ consultation and Final report issued 26 Nov 09: click here to visit the website
  • Financial Reporting Council (FRC)
    • review of Combined Code: initial consultation process closed 29 May 09, followed by production of Report released Dec 09 and new consultation period till 5 Mar 2010: click here to visit the website
    • consultation on a Stewardship Code for Institutional Investors: initial Report released Jan 2010 with consultation till 19 Apr 10: click here to visit the website
US
  • NYSE
    • completed Formation Of Commission on Corporate Governance in November 2009 to “evaluate corporate governance reform, proxy process”: click here to visit the website
Europe
  • Fédération des Experts Comptables (FEE)
    • has released a discussion paper: click here to visit the website
World
  • OECD
    • has a consultation paper coming out following its paper last year: click here to visit the website
  • World Bank
    • is rolling out its Corporate Governance programme around the world (derived from the UK practice), directed essentially at governments rather than corporates: click here to visit the website
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