Since the UK Code of Corporate Governance was updated in 2018 there have been more major failings in how some large companies in the UK are managed. In 2020, FRC surprised that in many cases corporate governance reporting was not coherent and cohesive. For example, many companies stated the importance of diversity and diverse boards but offered little explanation in the way of evidence to support their assertions, including: a lack of targets to improve diversity at the board and executive committee levels.

Question 3: How do other countries manage this area of coherent and cohesive compliance and how could the UK system be improved? Using examples to support the ideas.