We take a look at the Government consultation on the points made in the Kingman review including the planned move from the old guard of the Financial Reporting Council to a new regulator with more powers, oversight and transparency.
With the recent high profile corporate failings making headlines last year this change seems to have been inevitable and it will be interesting to see what, if any, changes to the Corporate Governance Code might be introduced.
Underlining the governance theme we’ve also seen the FCA get tough by issuing fines relating to competition enforcement.
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The ESOP Centre’s annual British Isles Symposium was held on 7 March 2019 in London with over 50 attendees. Discussions were wide-ranging and covered subjects including expanding share plans offshore; Brexit; discretion and judgement in executive plans; employee share plans in volatile markets; and case studies on the employee shareholder experience and use of EMI schemes. Equiniti’s Jennifer Rudman revisited Share Incentive Plans, looking at the benefits to both employers and employees [slides can be found here].
The event included ESOP’s annual share plan awards presentation. Congratulations go to easyJet, winner of the ‘best all-employee international share plan’ of the year. The company’s clear vision that all employees should build a meaningful stake in the company and their investment in all-employee schemes now means they have a very high level of enrolment in their plans and Global Nominee. Congratulations also go to both Smiths Group and Landsec, both awarded newspad stars for outstanding features of their employee share plans. Landsec’s ‘best all-employee share plan’ star was awarded for their Sharesave and SIP plans. Whilst Smiths Group’s star was awarded for ‘best share plan communications’ for the effectiveness and clarity of the on-line multi-channel messaging and the ease with which employees could apply.
The partnership has seen Equiniti deliver 300,000,000 shares to investors, including DWF’s Partners, using its market-leading platforms and deep industry knowledge.
DWF listed on the UK Main Market with a market capitalisation of approximately £366m, making it the largest listing to date in 2019. It follows the trend of UK law firms joining the public market after rules about ownership changed in 2012, DWF is the largest firm to list.
Read the full release here
With the experience of 2018 still fresh in our minds, this fifteen minute webinar will look ahead to the 2019 AGM season. Whilst the busiest month of the AGM season, May, is yet to come, Boudicca looks at the experiences of January and February to see if there are any conclusions to be drawn from the year so far.
Given their ever increasing reach and influence, Boudicca will be looking at the best ways of engaging with and managing the proxy advisers, particularly ISS, Glass Lewis, IVIS and PIRC.
Finally Boudicca looks at what to expect from the rest of 2019, and importantly, some tips that may help you to prepare, and succeed, in your corporate governance engagement.
This webinar is available on demand here
The Non-Executive Director Awards were held on the 27 March 2019 in London with over 400 registered attendees.
The awards seek to recognise the achievements of Non-Executive Directors who contribute daily to the success and growth of businesses and organisations on whose boards they serve.
Sheryl Cuisia, Managing Director of Boudicca presented Sir Roger Carr with the Lifetime Achievement Award highlighting ‘the exemplary career of a visionary leader who has made an enormous contribution to not only the corporate world but society as a whole’
EQ Boardroom Bulletin – April 2019
Download April's issue as a pdf