Corporate Notes

Companies House – guidance on new powers to issue financial penalties

Since 2 May 2024 Companies House has had the power to impose civil financial penalties for most offences under the Companies Act 2006. Exercise of this …

Corporate reporting – FRC publishes annual review of corporate reporting

The Financial Reporting Council (FRC) has published its annual review of corporate reporting, setting out the findings of its corporate reporting review …

Directors’ duties – former directors liable to pay £110 million for misfeasance

The High Court has ordered two former directors of British Home Stores (BHS) to pay compensation of £110 million in respect of misfeasance claims brought …

Dividends – 2025 Dividend Procedure Timetable published by LSE

The London Stock Exchange (LSE) has published its Dividend Procedure Timetable for 2025.

Payment practices reporting – updated guidance and announcement of new measures

The Government has published updated guidance on the requirement for large UK companies and LLPs to report on their payment practices, policies and …

Corporate governance – second review of reporting against Wates Principles

The Financial Reporting Council (FRC) has published its second review of the application of the Wates Corporate Governance Principles by large private …

Listing regime – FCA consultation on changes to the NSM

The FCA has published a consultation paper (CP24/17) on enhancing the National Storage Mechanism (NSM).

Corporate reporting – draft updated going concern guidance

The FRC has published an exposure draft of its updated Guidance on the Going Concern Basis of Accounting and Related Reporting (including Solvency and …

Corporate reporting – the future of digital reporting

The FRC has published a discussion paper on the opportunities for the future of digital reporting. Responses to the paper will help inform the workplans …

The FCA proposes climate-related disclosures for equity prospectuses

Public M&A – compensation order and cold-shoulder rulings for breaches of Takeover Code

The Takeover Panel and Takeover Appeal Board have issued a ruling pursuant to which 3 individuals have been ordered to pay compensation of up to £32.5 …

FCA consultation on prospectus regime