UK – Financial Reporting Council (FRC)

UK – Financial Reporting Council (FRC) – The Wates Corporate Governance Principles for Large Private Companies (LPCs) – December 2018. Covering:

1 – Foreword

2 – Introduction

3 – The Wates Principles

Principle One – Purpose and Leadership

Guidance – Purpose / Values and Culture / Strategy

Principle Two – Board Composition

Guidance – Chair / Balance and Diversity / Size and Structure / Effectiveness

Principle Three – Director Responsibilities

Guidance – Accountability / Committees / Integrity of Information

Principle Four – Opportunity and Risk

Guidance – Opportunity / Risk / Responsibilities

Principle Five – Remuneration

Guidance – Setting Remuneration / Policies / Delegating Remuneration Decisions / Subsidiary Companies

Principle Six – Stakeholder Relationships and Engagement

Guidance – External Impacts / Stakeholders / Workforce

4 – Acknowledgements