Contents

Governance and Stewardship Codes updated

The FRC has issued revised versions of both the UK Corporate Governance Code and the Stewardship Code.

Delivering Effective Governance

The British Standard Institution (BSI) has published a draft new national Standard on Delivering Effective Governance that aims to promote a framework for effective governance.

Managing foreign exchange risks

The Basel Committee on Banking Supervision (BCBS) has issued proposals on supervisory guidance that expand on, and will replace, the Committee’s Supervisory guidance for managing settlement risk in foreign exchange transactions.

Focus on greenhouse gas reporting

Richard Tipper considers how mandatory greenhouse gas emissions reporting reinforces the focus on corporate governance.

The rise of functional heads

Nick Hedley looks at how governance pressures are significantly upgrading the roles (and salaries) of functional heads.

A conversation with Rachel Lomax

Rachel Lomax shares her thoughts on the ingredients of a cohesive and effective board, effective leadership, boardroom behaviour and public and private sector differences.

What’s wrong with shareholder empowerment?

Bernard S Sharfman argues that shareholder empowerment is actually harmful to efficient decisionmaking at public companies.