Best practice corporate governance reporting - January 2010

Improve your governance reporting and catch up with current developments.

During 2009 the Walker Report and the ongoing Financial Reporting Council (FRC) review of the effectiveness of the Combined Code, as well as a number of other reviews and reports, have together formed something of a ‘taking stock’ process in the world of governance.

PwC’s corporate governance team has published its fifth compendium entitled ‘Corporate Governance: Best practice reporting’ This publication is a repository of good practice examples of corporate governance reporting, featuring extracts from the annual reports of FTSE 350 companies for reporting periods ending 31 December 2008 or later. The compendium comments on the key governance topics discussed during the Walker and FRC reviews, as these will affect future governance requirements and disclosures by companies. The compendium has proved itself a useful tool in assisting companies with their reporting under the Combined Code. The quality and clarity of reporting through the next cycle are going to be critical for all businesses, regardless of their size, sector, business success and financial stability. Getting the balance and tone of what is disclosed right, given the fragility of the market, is not going to be easy. It is important for boards to think about the unintended consequences of what is said and how it is said.

To obtain a printed copy of this publication, please email the corporate reporting team.

Corporate Governance contacts

• Margaret Cassidy
  +44 (0)20 7213 1285
• John Patterson
  +44 (0)1223 552 413