Shifting perceptions of risk have increasingly encouraged companies to form special board committees to deal with broad questions of corporate responsibility, sustainability and ethics.

The Financial Conduct Authority announced in April 2016 that its ‘Model Code’ – officially Annex 1 of Listing Rule 9 - would be withdrawn due to its incompatibility with the Market Abuse Regulation (MAR), which comes into force on 3 July 2016.

On the face of it, the Nominations Committee should be the “easy” one: it’s simply about dealing with a handful of appointments a year (if that) isn’t it?  And compared to the workload and exposure of other committees …well…it’s a much better place to be! But it really isn’t that easy. 

Steering the Course is the first in a series of reports on the biggest risks facing compliance teams today and the gaps that require targeted investment. In the context of an uncertain economic future and constant budgetary constraints, each company must decide where to set the bar for compliance.