Examines the origins, aims and framework of corporate governance as it exists in the UK
Corporate governance is important to help foster good relations with stakeholders and provide reassurance to them that the company is being directed and controlled appropriately and according to relevant legislation. Good governance also helps foster cooperation and accountability internally and promote the image of the company externally. Corporate governance can contribute to an improved business and investment framework, supporting ethical business practices and responsible business.
HR has a role to play in supporting the Chair, the CEO, the board, committee chairs and workforce directors. Responsibilities can include preparing and presenting board papers and providing skills assessments to identify knowledge and skills gaps of the board. HR can contribute professional knowledge and expertise to inform the board’s understanding of people-related issues and risks. In addition, HR leaders may hold executive or non-executive board positions.
This factsheet explores what corporate governance is and why it is important. It then looks at the role and composition of company boards. There is a focus on the UK Corporate Governance Code before examining HR’s role in corporate governance. This factsheet ends by looking at the role of committees.
Affiliate membership offers instant access to CIPD resources without the need for assessments or study, or explore your options to become a professional member of the CIPD to demonstrate your commitment to the world of work.
Already a member? Login here.
Based on an assessment of FTSE 100 annual reports and focus groups with investors and HR leaders, this report gives benchmarking data, insights and practical recommendations for improving workforce reporting practices
This factsheet explores corporate responsibility and putting it into action in the workplace
Understand the basics of the Working Time Regulations, holidays and other leave such as leave for jury service
Discover why organisational culture is an influential but problematic term, and why employers should focus on organisational climate to more readily enact positive change
Find out what's meant by fair pay, what pay information UK employers must disclose by law and the opportunities pay narratives bring.
This factsheet looks at the policies and procedures employers can put in place around relationships in the workplace, to mitigate risks to the business and their employees