Changes will apply during the 2012 company meeting and voting season
The National Association of Pension Funds (NAPF) issued an updated version of its Corporate Governance Policy and Voting Guidelines on 25 November 2011. A NAPF note explaining the changes – which are minor, and principally concerned with the importance of gender diversity on boards and encouraging companies to state fully the skills and experience that a director brings to his or her role – from the previous version of the Guidelines can be read here.
The purpose of the Guidelines “is to assist investors in their interpretation of the provisions of the UK Corporate Governance Code when assessing a company’s compliance with it”. For other recent developments in corporate governance, click on our “Corporate governance” category.
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