英国コーポレートガバナンス・コードの改訂案が公表される（economiaより）

FRC unveils “shorter and sharper” corporate governance code

英国の財務報告評議会（FRC)が、コーポレートガバナンス・コードの改訂案を公表したという記事。ビジネス環境の変化を反映した、より短くよりシャープなバージョンとのことです。

The Financial Reporting Council (FRC) has revised its corporate governance code to a “shorter and sharper” version reflecting the changing business environment

今後は、意思決定の際に、従業員の見解を考慮に入れなければならず、また、役員報酬に関するより厳しい制限を提示しなければならないそうです。

From now on, companies will have to take into account the views of their workforce when making decisions and set out tougher restrictions over executive pay.

In a consultation published on Monday, the watchdog said that the revised code sets out good practice through which companies’ boards can establish their purpose, strategy and values and ensure these are aligned with their culture at same time as improving trust among stakeholders.

そのほか、性別、社会的・人種的背景、個人的な強みなどの多様性を取締役会が推進することを確保する必要性を取り上げています。

It highlighted the need to “gather views of the workforce” when making decisions and to ensure that boards promote “diversity of gender, social and ethnic backgrounds, cognitive and personal strengths” in their boards.

また、集団思考を避けるために、選任・継承計画が、長所と客観的な規準に基づくものであることを確保することが求められています。

Companies are also being asked to make sure appointments and succession plans are based on merit and objective criteria in order to avoid groupthink.

さらに、役員報酬方針などに関して、株主からの重要な反対があったときの協議方法をより具体的に示すことが求められています。

Moreover, they are required to be more specific about their consultation methods when encountering significant shareholder opposition, including those relating to executive pay policies and awards.

報酬委員会の責任と裁量の拡大もいっています。

They are also encouraged to give remuneration committees broader responsibility and discretion for overseeing how remuneration and workforce policies align with strategic objectives.

株式による報酬が与えられるまでの待機期間を3年から、5年に延長することも提案しています。

Additionally, the consultation proposed that the time executives have to wait until they are able to receive share awards be extended from three to five years. It added that chairs of remuneration committees should have at least 12 months’ previous experience.

また、独立役員の基準で、9年間役員をつとめた者は、独立しているとはみなされなくなるそうです。

The FRC also suggests a time limit for independence by stating that, where an individual has served on the board for more than nine years, they are no longer considered independent, including where an independent non-executive goes on to be the chair.

FRCのプレスリリース。

A sharper UK Corporate Governance Code to achieve long-term success and trust in business（FRC）