NewsBoardroom code to push for regular election of directors

Boardroom code to push for regular election of directors

Author: Elena Moya

Publication date: 24 May 2010

Directors could be forced to seek re-election by shareholders every year, under measures that will be announced this week in an attempt to make the boardroom more accountable.

The Financial Reporting Council plans to issue the boardroom (corporate governance) code this Friday which is the most comprehensive overhaul of the way companies are managed since the banking crisis.