Governance rules shift

Revisions to the FRC governance rules for company directors bring them more closely in line with what?

All of the above

The new Audit Reform and Corporate Governance Bill

The overhaul of the UK listings regime by the FCA

The EU directive for corporate governance

What is the FCA currently focused on?

Improving the ability of directors to discharge their responsibilities

Giving audit committees more responsibility

None of the above

Enhancing diversity reporting

Which of the following statements is true? Statement 1, the new FRC rules address recent high-profile corporate failures, or statement 2, the new FRC rules recognise the need to increase the number of UK listings

Both statements

Neither statement

Statement 1

Statement 2

What is the key change in the FCA's new listings rules?

Shareholders do not need to approve a decision to take the company's shares off an exchange

There is a single category for both UK and overseas companies with a primary listing in London

There will be stricter rules around shareholders' enhanced voting rights

There is a new category for overseas companies with a primary listing in London

How will the new regulations affect boards?

Shareholder representatives will be required to attend board meetings

There will be less pressure to explain decisions to shareholders

Boards will be required to hold more shareholder meetings

There will be more pressure to explain decisions to shareholders

When did the new listings rules come into force?

They will be rolled out in stages until January 2026

They have yet to be introduced

July 2024

January 2024

Which of the following statements is true? Statement 1, The FCA reforms will reduce directors' interactions with lawyers, or statement 2, The FCA reforms will increase directors' interactions with investment banks

Neither statement

Statement 2

Statement 1

Both statements

How have the FCA reforms affected weighted voting?

Weighted voting has been extended to pre-IPO investors only in standard listed companies

Weighted voting has been extended to employees only in premium listed companies

Weighted voting has been extended to both employees and pre-IPO investors in premium listed companies

Weighted voting has been extended to both employees and pre-IPO investors in standard listed companies

Under the reforms to the corporate governance code, how often will boards be required to review the company's risk management and internal control framework?

The time frame is at their discretion

Every three months

Every six months

At least annually

Which of the following statements is true? Statement 1, independent directors may be under greater pressure to show that they are holding the executive to account, or statement 2, independent directors may be under greater pressure because shareholders will view them as a channel for voicing their concerns to the board

Statement 2

Statement 1

Both statements

Neither statement

Governance rules shift

Revisions to the FRC governance rules for company directors bring them more closely in line with what?

What is the FCA currently focused on?

Which of the following statements is true? Statement 1, the new FRC rules address recent high-profile corporate failures, or statement 2, the new FRC rules recognise the need to increase the number of UK listings

What is the key change in the FCA's new listings rules?

How will the new regulations affect boards?

When did the new listings rules come into force?

Which of the following statements is true? Statement 1, The FCA reforms will reduce directors' interactions with lawyers, or statement 2, The FCA reforms will increase directors' interactions with investment banks

How have the FCA reforms affected weighted voting?

Under the reforms to the corporate governance code, how often will boards be required to review the company's risk management and internal control framework?

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