The Wates Principles report seeks to improve corporate governance standards among private companies
10 December 2018: A new code for the corporate governance of large private companies has been launched, providing a framework to help them not only meet legal requirements but to promote long term success in this vital sector.
Recognising this, the Wates Principles report seeks to encourage these companies to adopt a set of key behaviours to secure trust and confidence among stakeholders and benefit the economy and society in general.
These Principles are part of a number of changes made this year to the UK corporate governance framework. They have been developed by a coalition established by the Financial Reporting Council (FRC) and chaired by James Wates CBE. By explaining the application of these Principles large private companies will be able to meet their obligations under The Companies (Miscellaneous Reporting) Regulations 2018.
Read the report by clicking on the image below.