UK: Corporate governance

Draft legislation has been published to implement a package of corporate governance reforms aimed at increasing boardroom accountability. The proposed requirements, which are subject to parliamentary approval, include:

• listed companies with at least 250 UK employees reporting annually on the ratio of CEO pay to the average pay of their UK employees
• companies with at least 250 UK employees publishing a statement of engagement with employees
  The legislation will apply to companies with accounting periods from 1 January 2019, so companies must comply with the new reporting requirements from 2020.

Government guidance and Q&As
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/715740/corporate-governance-company-reporting-faq.pdf