Equity Culture

Tel: +44 (0)7956 691 104

  • Home
  • About Us
  • Board Evaluations
  • Regulatory Compliance
  • Clients and Case-Studies
  • Noticeboard
  • Blog
  • Contact Us

Matters reserved for the Board

26th September 2023 6 Comments

A FTSE SMALL CAP Group Counsel & Company Secretary writes...

“For a listed company, do you have a document that formally records the matters reserved to the board of that listed company?  If yes, do you make this document available on your website?  We are a listed company and we don’t have such a document (and I think we should, as it seems an important part of the governance structure).  I’m not sure about putting it on the website: I can’t see a legal regulatory requirement to do so (but may be mistaken) and there may be commercial confidentiality and fraud risk management reasons why it should not be a public document.  Thoughts please.”

Leave a Reply Cancel reply

Only your comment and indication of company type will be published

Comments

  1. AIM said

    27th September 2023 at 2:02 pm

    We’re on AIM. We have Matters Reserved to the Board and Committee ToR. We’ve considered publishing them on the website but don’t presently (not required by QCA Corporate Governance code that we subscribe to.

    • FTSE100 said

      26th September 2023 at 5:19 pm

      We are FTSE 100 and include our Matters Reserved to the Board on our website alongside Committee ToR.

      Corporate Governance Code Provision 14 says that responsibilities of board and committees (and others) should be made publicly available.

      • FTSE FLEDGLING said

        26th September 2023 at 4:58 pm

        The reference to making the ToR and Schedule of Matters Reserved publicly available is contained in

        2018 UK Corporate Governance Code Provision 14.
        paragraph 63, FRC Guidance on Board Effectiveness.

        • FTSE100 said

          26th September 2023 at 3:04 pm

          We are a FTSE100 company and we publish our Matters Reserved For The Board document on our website under Corporate / Our Company / Governance. Depends what’s in it, of course, as to whether it could be considered confidential, but ours is fairly generic as to the type of matters (e.g. Strategy and Management; Structure and Capital; Financial Reporting and Controls; Internal Controls; Contracts; Communication; Board Membership and Other Appointments; Remuneration; Delegation of Authority; Corporate Governance; Group Policies; Other (e.g. political donations; appointment of key professional advisers to Group; major litigation; and employee purchases from the Company (since these would be houses and therefore large!)

          • FTSE250 said

            26th September 2023 at 2:50 pm

            We have a documented matters reserved and happy to share the link to our website:

            https://www.keller.com/sites/keller-group/files/2021-04/k-matters-reserved-to-the-board.pdf

            We see it as an important piece of our Board governance and this sits with a suite of Board-related documents including our Charter of expectations and our Board Diversity policy, allowing us to measure and assess Board performance on a regular basis.

            • FTSE100 said

              26th September 2023 at 2:48 pm

              We are FTSE 100 and our matters reserved for the Board document is published on the governance section of our website.

              Sections

              • Home
              • About Us
              • Board Evaluations
              • Regulatory Compliance
              • Clients and Case-Studies
              • Noticeboard
              • Blog
              • Contact Us

              Recent Notices

              • What level of D&O cover do you carry?

                What level of D&O cover do you carry?

                9th July 2025
              • Corporate Gifts and Hospitality Policy

                Corporate Gifts and Hospitality Policy

                3rd June 2025
              • How often does your Board meet?

                How often does your Board meet?

                29th April 2025
              • Know Your Customer & Ultimate Beneficial Owner requests

                Know Your Customer & Ultimate Beneficial Owner requests

                28th March 2025
              • The Market Abuse Regulations (MAR) & Insider Dealing training

                The Market Abuse Regulations (MAR) & Insider Dealing training

                28th March 2025

              Contact EquityCulture

              Address:

              89 Kesteven Way,
              Corby,
              Northamptonshire
              NN18 8GF

              Registered in England and Wales No. 06008649.

              • Blog
              • UK Board Evaluations
              • UK Corporate Governance

              © 2025 EquityCulture | Site Designed & Built by Midland Tech