QCA guidance refreshed
Equiniti flagged refreshed QCA guidance after the 2023 Code transition and urged governance teams to update Audit, Remuneration, and Nomination committee Terms of Reference for clearer responsibilities and documentation. That nudge is a timely reminder for boards to reconcile committee charters with current compliance expectations. (x.com)
The QCA published its refreshed Corporate Governance Code on 13 November 2023 and set the revisions to apply to accounting periods beginning on or after 1 April 2024, with the first expected disclosures under the 2023 Code due in 2025. (theqca.com) The QCA followed with a new series of committee guides—an updated Audit Committee Guide, an updated Remuneration Committee Guide, and a newly published Nomination Committee Guide—released as practical companions in mid‑2025 (QCA announced the guides in July 2025). (theqca.com) The 2023 Code and subsequent guides raise the bar on board composition and committee makeup by recommending that at least half the board be independent and that key committees (including audit and remuneration) should have a majority of independent non‑executive directors. (glasslewis.com) Remuneration guidance in the Code and the QCA Remuneration Committee Guide emphasizes aligning pay with purpose and longer‑term performance, including explicit encouragement to link executive incentives to material ESG and culture metrics and to seek shareholder votes on forward‑looking remuneration policies and LTIPs. (theqca.com) UK legal and advisory firms have been advising listed companies to update Audit, Remuneration and Nomination committee Terms of Reference to capture enhanced responsibilities for internal controls, risk oversight, ESG integration and clearer disclosure pathways introduced by the 2023 Code and the new guides. (taylorwessing.com) Equiniti is a leading registrar and investor‑services provider that manages nearly 20 million shareholder accounts and reports relationships across a large share of UK listed issuers (Equiniti cites ~49% of the FTSE 100 and extensive registry scale), meaning updates to committee charters will intersect with its AGM, proxy and disclosure workflows for many client companies. (equiniticonnect.com)
