Revised code of corporate governance

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Revised code of corporate governance

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Political Activity and Government Relations Policy The Home Depot strives to be the employer, retailer, investment, and neighbor of choice in the home improvement industry. Corporate governance is part of our culture and is founded on our daily commitment to living values and principles that recognize our ethical obligations to our shareholders, associates employeescustomers, suppliers, and the communities in which we operate.

We understand our responsibility to behave ethically, to understand the impact we have on people and communities and to fairly consider the interests of a broad base of constituencies. Since that time, the Company has continued its commitment to strong corporate governance by implementing practices that strengthen its compliance procedures and improve its financial reporting processes.

The UK Corporate Governance Code (formerly known as the Combined Code) sets out standards of good practice for listed companies on board composition and development, remuneration, shareholder relations, accountability and audit. The code is published by the Financial Reporting Council (FRC). The Financial Reporting Council (FRC) published proposed revisions to the UK Corporate Governance Code (Code) on December 5, In reducing the Code from 32 to 13 pages, the FRC describes it as “shorter and sharper”, comprising 17 Principles and 41 Provisions. The Financial Reporting Council (FRC) has published its revised UK Corporate Governance Code. This is a new shorter, sharper UK Corporate Governance Code which hopefully raises the bar for UK businesses who will need to think carefully about how to meet their challenges.

During andthe Company built upon its strong corporate governance foundation by implementing a number of new significant procedures, including: The majority vote standard requires each director to receive a majority of the votes cast with respect to that director.

Previously, directors were elected under a plurality vote standard, which meant that the candidates receiving the most votes would win without regard to whether those votes constituted a majority of the shares cast at the meeting.

In addition to attending Board and Committee meetings, the members of the Board regularly visit stores and engage in the operational review of stores throughout the year. A substantial majority of the Directors on the Board are independent and each Director serving on the Audit, Leadership Development and Compensation, and Nominating and Corporate Governance Committees is independent.

Revised code of corporate governance

Through its existing procedures and with the guidance of an informed, engaged, and independent Board, the Company has the structure and tools in place to continue to execute on its commitment to strong corporate governance. The Code was updated to reflect organizational changes, conform with other policy changes and redact redundant content reflected in other governance documents.


The Company updates this site periodically as laws and regulations become effective or Company information changes. The Company reserves the right to amend or modify the documents and information at any time.

To choose your options for e-mail notification, please enter your e-mail address below and click Submit.Of particular note is the important role of the Company Secretary in the revised code: London, 16 July – ICSA: The Governance Institute has today issued commentary on the Financial Reporting Council’s updated UK Corporate Governance Code and its Guidance on Board Effectiveness.

The revised Code emphasises the value of good corporate governance to the sustainable growth of a company and encourages policies and practices that generate . Pg. 3, Section I, Appendix A – Revised UK Corporate Governance Code, 5 December [2] Ibid.

Corporate governance

[3] Paragraph 33, Proposed Revisions to the UK Corporate Governance Code, 5 December The Corporate Governance Committee of the Organisation for Economic Co-operation and Development (OECD) is about to embark a revision of its OECD Principles of Corporate Governance (the Principles) in Through its membership in the Business and Industry Advisory Committee to the OECD, IFAC is directly participating in these revisions.

The Financial Reporting Council (FRC) has published its revised UK corporate governance code, which it says places emphasis on businesses building trust, with greater board engagement with workforce views and an end to ‘formulaic calculations of performance-related pay’ for executives.

CA Sri Lanka launches revised Code of Best Practice on Corporate Governance , In continuing to give leadership to corporates in the country to adhere to the best practices of corporate.

Corporate governance code puts emphasis on relationships