Regulators sometimes pay attention to reasonable issues raised by corporates and investors, as exemplified by recent developments in the UK

On October 16, 2023, the United Kingdom Government withdrew its long-awaited corporate governance reforms announced in July this year. The withdrawal comes as a result of consultation with companies (large UK listed and private companies) that would have been subject to the legislation and that voiced concerns about the burden additional reporting requirements would impose.

Nevertheless, the Government has announced plans to deliver a new reform package that is “a more targeted, simpler and effective framework for both business and investors”.