Gregory Price and Rhiannon Kinghall Were (Macfarlanes) consider how companies can develop an approach to tax within a wider framework for corporate governance.
Corporate governance: 2019 reforms
What is your group’s approach to corporate governance? For listed companies this is not a new question: the company’s annual report must include a statement about compliance with the Corporate Governance Code (often referred to as the Cadbury Code) or explain why there is non-compliance. A refreshed code was published in July 2018 and takes effect from 1 January 2019.
Private businesses regardless of size have never been challenged in this formal way on their governance arrangements. From 1 January 2019 that will change. The largest private companies (those with more than 2 000 employees or with over £200m turnover and a £2bn plus balance sheet) will need to state in the annual directors’ report which...
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Gregory Price and Rhiannon Kinghall Were (Macfarlanes) consider how companies can develop an approach to tax within a wider framework for corporate governance.
Corporate governance: 2019 reforms
What is your group’s approach to corporate governance? For listed companies this is not a new question: the company’s annual report must include a statement about compliance with the Corporate Governance Code (often referred to as the Cadbury Code) or explain why there is non-compliance. A refreshed code was published in July 2018 and takes effect from 1 January 2019.
Private businesses regardless of size have never been challenged in this formal way on their governance arrangements. From 1 January 2019 that will change. The largest private companies (those with more than 2 000 employees or with over £200m turnover and a £2bn plus balance sheet) will need to state in the annual directors’ report which...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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