This factsheet explores the purpose of corporate governance, the regulations that reinforce it, and best practice as specified by the UK Corporate Governance Code and international guidance. It also looks at the roles and responsibilities of the board members as well as the audit, remuneration and nomination sub-committees. Ultimately, good governance should also promote good relations with stakeholders, including shareholders and employees.

This factsheet was last updated by Susannah Haan, Senior Corporate Governance Adviser, CIPD

Susannah leads CIPD’s work on corporate governance and responsible business, including the role of HR in ESG, workforce reporting, leadership development and the role of non-executive directors. 

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