Photo by Andrik Langfield on Unsplash

New research revealed that the majority of the FTSE 100 do no “report against all four measures set out in the Corporate Governance Code.” The Governance Code has multiple layers including a call for terms limits ” of no more than six years without a rigorous review” for non executive directors as well as annual reports for a company’s ” policy on diversity and inclusion and the gender balance on those in senior management.”

The new code will take effect January of 2019, but with many companies already ignoring much of the policy, it is reasonable to believe that this will continue into the new year.

Tracy Vegro, FRC executive director of strategy and resources has stated that “the FRC is writing to companies to challenge them to take a more strategic approach to diversity and inclusion, and to consider their approach to reporting on it.”