Suffolk Director Magazine
helping you to run your business better

news

What's happening in the Suffolk business community

Good Governance: What We Need To Know In 2019

IoD Head Of Corporate Governance Dr. Roger Barker Explains Why Introducing Formal Governance Into Business Should Be At The Top Of Your Agenda This Year

“By 2020 many UK companies which were previously not covered by the UK Corporate Governance Code could face a range of new requirements and rules. One of the most significant of these is the Wates Corporate Governance Principles for larger private companies which were published on 10th December 2018 and should come into effect next year. Through these principles, the largest unlisted companies will have to report on their governance practices for the first time.

Directors are responsible for introducing formal Governance into their businesses, but for many, it is an aspect of business which is not always given sufficient priority. Putting frameworks in place can help organisations value creation and achieve long -term success, and this applies to all organisations regardless of size.

The Institute of Directors (IoD) Suffolk branch invites business leaders for breakfast on Wednesday 24 April at Suffolk Food Hall in Ipswich to hear IoD Head of Corporate Governance Roger Baker discuss the importance of creating an effective Board within your business.

IoD Suffolk Chair, Elizabeth Pearce says:

“Governance is a major issue in businesses of all sizes and the key framework it offers helps shape SME for growth. We are delighted to have Dr Roger Barker bringing us up to date at our April breakfast meeting".

The UK’s corporate governance is world-renowned and widely replicated partly due to its flexibility and recognition that all business and boards are different. That is why it would be beneficial for all start-ups, scale-ups and SMES to voluntarily copy the model that listed companies are made to adhere to.

To lead a business it is extremely important to have a proactive approach to good governance and best practice. The IoD has a Royal Charter to ‘promote for the public benefit high levels of skill, knowledge and integrity on the part of directors’ and therefore promoting good corporate governance for UK business is at the forefront of everything they do.

During the event, IoD Head of Corporate Governance Dr. Roger Baker will bring clarity to the benefits of good Governance and discuss how recruiting a Non-Executive Chairman could help non-corporate businesses address many of these issues.

Speaker Details:

Roger Barker is Head of Corporate Governance at the IoD and Managing Director of the corporate governance advisory firm, Barker and Associates. He previously served as the Director of Corporate Governance and Professional Standards at the Institute of Directors for almost a decade. In addition, he is a UK Member of the European Economic and Social Committee (the EU advisory body), Senior Advisor to the Board of the European Confederation of Directors Associations (ecoDa) and Chairman of the ecoDa Education Programme for European Directors.

Further event information is available via iod.com/eastevents

Sue Wilcock