8.1: Strengthen and enforce corporate governance standards

Measurement
CMA to consult investors and ICPSK on Blueprint for corporate governance code and on education programme Potential for input under The CityUK MOU.
Working Group
Achievement

Code of Corporate Governance for Issuers of Securities to the Public 2015 gazetted in March 2016.
Partnership Agreement between CMA and IFC signed in October 2016 .
Training for board and management of issuers in November 2016.
Task force between CMA and ICPSK set up in October 2016.
Reporting template and scorecard for issuers developed and finalized in June 2017. Taskforce made recommendations on areas of improvement for the ICPSK training programme and guidelines for governance auditors. ICPSK governance auditors trained by CMA and IFC on the framework for governance audits for issuers in August 2017.

Status
Completed
Measurement
CMA to consult investors, market participants, ICPSK, financial lawyers, Attorney General and Treasury on the range of tools available, including those described in the Plan, to bring about good corporate governance and bring about implementation of recommendations.
Working Group
Achievement

Stewardship Code for Institutional Investors gazzetted in June 2017.
Reporting template for issuers developed.
Governance auditors trained.

Status
Completed
Measurement
NSE in consultation with CMA and market participants to ensure development of corporate governance social responsibility and sustainability index
Working Group
Achievement

CMA has negotiated support program from IFC to facilitate NSE to develop governance and sustainability indices.

Status
In Progress

Key

No Progress
Behind Schedule
Ahead of Schedule