UK Corporate Update - September 2017

The following topics are covered in this issue. Download the entire issue as a PDF

Welcome to the September 2017 issue of UK Corporate Update. This update will be of most use to General Counsel, Company Secretaries and other executives involved in corporate governance, company law and other aspects of listed and unlisted company management.

Sponsor obligations: FCA clarifies its expectations
The FCA has set out its expectations of sponsors in a number of areas.

New R&D, skillsforce and HQ intent statements for Takeover Code offers
The Takeover Panel is consulting on amendments to the post-offer intention statement and post-offer undertaking regime in the Takeover Code.

ESMA to have new powers to approve prospectuses and investigate market abuse
The European Commission is consulting on a package of proposals aimed at further integrating the supervision of EU capital markets.

Corporate governance reforms: Government reply to Parliamentary Committee proposals
More information about the Government’s approach to corporate governance reform.

Stakeholder engagement – guidance for companies published
The Investment Association and ICSA have published guidance to help companies think about how to strengthen the stakeholder voice when making strategic board decisions.

Survey results show how investors feel about corporate governance hot topics
ISS, the increasingly influential US proxy voting service, has published results from its annual global survey on listed company governance.