The new UK corporate code - Fit for purpose?

Richard Buxton, portfolio manager for the Merian UK Alpha Fund, says corporate governance is a key consideration when making investment decisions for the fund.

Last year, following extensive consultation with companies, asset owners and asset managers, the Financial Reporting Council issued a revised UK Corporate Governance Code – the latest in an evolving line stemming all the way back to the original Cadbury Code established in 1992. Companies should be acting in accordance with the new Code this year and reporting on how they have done so in their annual reports on 2019 published next year.

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