Corporate Governance · glossary

Governance statement

A short public account of who sits on the board, how it decides and what it did in the year. The board approves it with the annual accounts, and the company secretary prepares it. Brackenholme reports against the Wates Principles voluntarily (Schedule A, item 18). Charter §10.6 · Schedule A, item 18 · Chapter 9

Explained in Chapter 9, Minutes, Records and the Evaluation, of Corporate Governance.

How it comes up, in Chapter 9
The last record of the year is public. Each year, with the annual accounts, the directors approve a governance statement that the Company Secretary prepares (Charter §10.6). It is a short account of who sits on the Board, how it decides and what it did. It reports against the six Wates Principles, the governance code written for large private companies…
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Where this term lives

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