IPR to call for extension to Turnbull report terms

Members of the IPR are lobbying the Government’s Company Law Review steering group to extend the terms of last year’s Turnbull report to include companies not listed on the stock market.

Members of the IPR are lobbying the Government’s Company Law Review

steering group to extend the terms of last year’s Turnbull report to

include companies not listed on the stock market.



Areas being considered are those covered by last year’s report into

directors’ codes of conduct and the stock exchange’s rules by Nigel

Turnbull of the Rank Group. His report referred to the need for

’processes that generate a flow of timely, relevant, reliable

information from within and outside the organisation’. It also pointed

out that risks to a company’s success may include ’those related to

reputation issues’.



The IPR is consulting members ahead of its submission to the steering

group, which is examining issues affecting corporate and financial PR

agencies.



Agencies are expected to be affected by changes to rules on shareholder

communications, covering notice, timing, agendas, voting and resolutions

for company general meetings. The IPR is taking submissions until

June.



A white paper outlining the new law is expected next year .



Elizabeth Forbes of the IPR’s City and Financial Group told PR Week:

’Turnbull effectively requires listed companies to include PR at the

heart of the corporate strategy. IPR members should urge the Company Law

Review to examine applying the same principle to all companies.’



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