LAPFF publishes “Employees on Board” a survey of FTSE All-Share companies

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With the publication of the new UK Corporate Governance Code which came into effect in January 2019, companies within the FTSE All-Share have been encouraged to seek the views of their employees through various means. The report published by LAPFF states that 66% of companies who responded to the survey state that they would be complying with the code, with three quarters of companies (73%) stating that they would be appointing a designated non-executive director to oversee this duty (as opposed to creating a formal workforce advisory panel “27%”, and appointing a director from the workforce “5%”).

LAPFF Report, May 2019