Corporate Governance Review 2009

Welcome to our eighth annual review of the UK’s FTSE 350 corporate governance disclosures. In our view the annual report is the primary window through which a company showcases its attitude to governance. If a company fails to take this opportunity in such a public document, we consider it reasonable for the stakeholders to conclude that this reflects the underlying culture of the organisation.

We highlight trends in the disclosure of compliance with the Combined Code (the Code) and assess the quality of explanations of underlying practices among the UK’s largest listed companies. Our review addresses the FTSE 350's compliance with the policies and provisions of the Code. In addition, this year, we extended our review to cover aspects of the Business Review, including key performance indicators (KPIs) and, for the first time, principal risk reporting.

The FTSE 350 Corporate Governance Review is based on eight years' of unique data and has been used by both the Walker Secretariat and FRC to support their findings. It must be required reading for those seeking to build real value into their governance practices.

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The report is in PDF format and you will need the Adobe Acrobat reader to view it. This software can be downloaded for free from Adobe if you do not already have it

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