Flexibility on offer for chairman terms in new governance code

A new UK governance code to be published on Monday will offer flexibility to allow some chairmen to serve for longer than nine years. 

Company chairmen are to be granted flexibility in the UK’s new corporate governance code to be considered independent beyond nine-year terms, according to a senior figure behind the new document.

David Styles, director of corporate governance at the Financial Reporting Council, told a conference this week that the move had been made to encourage gender diversity in board leadership. Read more...

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