2020 will see companies report against the 2018 UK Corporate Governance Code for the first time. Amongst other things, companies will need to explain the methods used for workforce engagement and provide clear explanations for any chair who has been on the board for more than nine years. As in 2019, companies will need to report on significant votes (20% or more) cast against a resolution at the 2020 AGM. This includes publishing an update of action taken within six months of the AGM and including a final summary in the annual report.
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