The new UK Corporate Governance Code introduced in April 2010 applies to all companies with a Premium Listing of equity shares. Companies that voluntarily comply with the code and issue a corporate governance statement to that effect in their published accounts should ensure they adhere to the recent changes. 

On 28 May 2010, the Financial Reporting Council (FRC) introduced changes to the UK Corporate Governance Code (formerly known as the Combined Code). The changes apply to financial years beginning on or after 29 June 2010 and aim to reinforce board quality as well as help Boards of directors become more effective and accountable to their shareholders.

The requirements of the UK Corporate Governance Code apply to all companies with a Premium Listing of equity shares on the London Stock Exchange regardless of whether they are incorporated in the UK or elsewhere.

Adherence to the principles of the code is also best practice for companies quoted on AIM and for other public interest entities.

Baker Tilly can assist in a number of areas including:

• advising on appropriate governance structures and reporting
• performing board effectiveness reviews
• facilitating independent board evaluations
• designing appropriate incentive scheme
• advising on appropriate risk management structures, processes and control
• improving the quality of information presented to the board
• internal audit and risk reviews

 Read the complete Baker Tilly UK Corporate Governance guidelines here