As part of the review process, the FRC is seeking views from all stakeholders on whether the Code is being used by asset managers, asset owners and other signatories in a way that drives better stewardship outcomes, and promotes transparency and accountability.

The FRC has to be mindful of the government’s push to reduce regulatory barriers to growth, which saw recent changes to the Corporate Governance Code watered down.

Richard Moriarty, CEO of the FRC said: ‘The Code was last revised in 2019 and a revision was due to take place in 2024.

‘Following feedback received during the 2023 consultation to the Corporate Governance Code, it’s clear that now is an opportune moment for a fundamental review process to ensure that that the principles of the Code are still driving the right stewardship outcomes for investors while not unduly contributing to reporting burdens.’

The