William Fry have kindly created a document highlighting the key changes to the new UK Corporate Governance Code.
On 16th July 2018, the Financial Reporting Council (FRC) published the 2018 UK Corporate Governance Code which puts the relationships between companies, shareholders and stakeholders at the heart of long-term sustainable growth in the UK economy. The new shorter, sharper Code is the product of extensive consultation.
The Code provides a framework for the application of best practice in corporate governance by both commercial and non-commercial State bodies. State bodies should demonstrate their commitment to achieving the highest possible standards of corporate governance.
The Central Bank's Corporate Governance Requirements for Captive Insurance and Captive Reinsurance Undertakings (2015) imposes minimum core standards upon all captive insurance undertakings and captive reinsurance undertakings which meet certain criteria.
An FAQ on the Requirements can be accessed on the Central Bank of Ireland's website here.