AGC Conference 2024 – Planning your 2025 AGM and reporting agenda
27 November 2024
27 November 2024
In order to reduce our environmental impact, slides for the conference and all other supporting materials have been made available to access online. We have also selected other relevant materials for you to browse.
Please do get in touch with the team (see below for contact details) should you have any questions on any of the content featured.
8.30amRegistration and breakfast
9.00amWelcome introduction
9.10amPreparing for sustainability reporting requirements and Transition Plans – what you need to know
Ashurst Corporate Governance Partner Will Chalk will provide an update on recent and prospective changes to legislation, regulation and guidance, particularly that which will affect your 2025 annual report. John Papadakis will provide an update on the revised Investment Association's Principles of Remuneration and takeaways for incentive plan design at AGMs. They will also look ahead to the 2025 AGM season. We will also hear from Disputes Partner Ruby Hamid who will provide an overview of the new guidance on the failure to prevent fraud offence introduced by the Economic Crime and Corporate Transparency Act 2023 and set out what companies should do next. The team will also joined by Maureen Beresford, Acting Director of Corporate Governance and Stewardship at the Financial Reporting Council, who will set out the headline findings of the FRC's latest review of governance reporting and its expectations for 2025.
10.10amGovernance, reporting and AGMs in 2025
Members of the Ashurst AGC practice, Partners Florian Drinhausen, Eleanor Reeves, Counsel Becky Clissmann and ESG Director Maria-Laure Knapp, will provide an overview on the current sustainability reporting requirements in the UK and how these are likely to change as the government adopts the ISSB sustainability reporting standards and mandates Transition Plans for large companies and regulated entities. The impact of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D) on non-EU groups will also be covered as well as how CSRD is being implemented with a particular focus on legislation in Germany and France. The session will also feature guest speaker Claire Bodanis of Falcon Windsor, who will give her thoughts on some of the unintended consequences of sustainability reporting regulation and how companies can deliver value from mandatory reporting.
11.10amQuestions
11.30amNetworking and refreshments
12.00pmConference close
Will Chalk, AshurstWill is a Partner in the Corporate practice at Ashurst. He provides corporate governance and compliance advice to UK listed, AIM and larger private companies. This includes advice on directors' duties, FCA Handbook and AIM Rules requirements, narrative reporting obligations and governance code recommendations. He also provides advice on how boards can respond to the increasingly important ESG agenda, including cyber preparedness as well as on live response situations. Will spends a lot of his time delivering induction and update training to individual directors, boards, and senior management teams as well as general counsel and company secretaries. |
Eleanor Reeves, AshurstEleanor leads Ashurst's London Environment and Safety practice where she is noted for her ability to advise on the environmental aspects of transactions, including risk management and regulatory compliance concerns. She is particularly recognised for her ESG and sustainability work, and is ranked as a leading individual in legal directories Legal 500 and Chambers & Partners. Her practice includes advising on legal risk management, incident response and crisis management, regulatory obligations and compliance, regulatory investigations and enforcement action including civil and criminal sanctions. Eleanor regularly works with colleagues across our offices on M&A, projects, finance, disputes and investigations, and real estate development and investment matters. She is a member of the UK Environmental Law Association and the UK Health and Safety Lawyers Association. |
Florian Drinhausen, AshurstProf Dr Florian Drinhausen is a Partner and Head of the Corporate German practice at Ashurst based in Frankfurt. Florian’s area of expertise is Corporate law, Boardroom advice and Cross-Border M&A. He is also a renowned expert on the European Corporation (SE), having advised on numerous SE creations in Germany. Florian has a distinguished career both in private practice and in various in-house roles. From 2014 until joining Ashurst, he held various senior leadership positions with Deutsche Bank, serving from 2018 as Global General Counsel and Chief Governance Officer of Deutsche Bank. During his time at Deutsche Bank, Florian had responsibility for numerous litigation and regulatory investigation matters, including their settlement, AGM, governance, M&A and corporate matters. |
Ruby Hamid, AshurstRuby is Partner in our Dispute Resolution practice at Ashurst. She specialises in global investigations, white collar crime, compliance and risk management. Her technical expertise in bribery and corruption, money laundering, serious fraud and tax evasion supports her practice. Ruby advises clients across a broad spectrum of regulatory and criminal issues. She is a former prosecutor and spent 13 years at the independent Bar before joining a Magic Circle firm in 2015. She spent a decade leading investigations and prosecutions for the FCA, the National Crime Agency, HMRC, the CPS Specialist Fraud and Serious Crime Units, the FRC and the Environment Agency. She was Panel Counsel for the SFO, General Medical Counsel and the Office of Rail Regulation. She is a highly experienced trial lawyer, having acted as sole advocate in courts of first instance, appellate courts and before a variety of tribunals. This experience underpins the advice she provides and the strategies she employs on behalf of her clients. |
John Papadakis, AshurstJohn is Senior Counsel in the Incentives practice at Ashurst. John has a broad based employee incentives practice covering all forms of share-related and management incentive arrangements for public and private companies in the United Kingdom and globally. He has extensive experience in setting up tax-advantaged and non tax-advantaged incentive plans, and he advises on the related tax, trust, corporate and securities laws, and on UK corporate governance and institutional investor requirements. Earlier in his career, John has been contributed to publications, including as primary author of UK Chapter on International Stock Plans: The Practitioner's Guide to Exporting Employee Equity, published on the website of the NASPP (National Association of Stock Plan Professionals), the leading membership association of stock plan professionals in the US. John has also spoken at the the 2013 and 2023 NASPP conferences on Global Roll-Out of Restricted Stock/RSUs and Global Stock Plan Tips. |
Becky Clissmann, AshurstBecky is an environmental lawyer specialising in ESG with a particular focus on sustainability reporting, climate change and the transition to net zero. Becky has over 18 years' experience of climate change, and ESG law and regulation from her roles in private practice and industry including as a Senior Editor in the environment team at Practical Law, Thomson Reuters. Becky obtained extensive experience of climate change policy measures working for the Carbon Trust and as Managing Director of The Chancery Lane Project. |
Maria-Laure Knapp, AshurstMaria-Laure leads the Ashurst Risk Advisory Climate Change and Sustainability team for the UK and Europe markets. The team provides advice on effective, impactful risk management in relation to sustainability, climate change and social license risks. Maria-Laure has 20 years’ experience in risk, compliance and sustainability, including extensive work in emerging markets. |
Maureen Beresford, Financial Reporting CouncilMaureen was a civil servant for over 20 years, mostly within the different guises of the Department for Business Enterprise and Industrial Strategy (BEIS), her last position being Head of Company Law and Reporting. As part of that role she was responsible for a team who informed company law policy and supported Ministers on a number of legislative changes. In 2017 Maureen moved on secondment to the Financial Reporting Council, working on the review of the UK Corporate Governance Code and then the introduction of the Wates Principles for Large Private Companies. In 2020 Maureen was appointed Head of Corporate Governance at the FRC and recently completed the review of the Corporate Governance Code. Following the retirement of David Styles, Maureen was recently appointed Acting Director, Corporate Governance and Stewardship. |
Claire Bodanis, Falcon WindsorClaire is one of the UK’s leading authorities on corporate reporting, and the founder and director of Falcon Windsor, a specialist corporate communications and reporting practice. She came to corporate reporting by way of four years at Cambridge, editing mediaeval texts and honing a love of language and a knack for translating incomprehensible jargon into modern, clear English – the perfect foundation for helping UK plc communicate well with words. Having spent time at two of London’s largest corporate reporting agencies, Claire founded FW in 2004, to help clients find the right way to tell their stories, to the right people. And, thanks to the support of those clients, FW has grown into a network of professionals with expertise in every step of the reporting and communications process, who are united by a love of corporate reporting, and a commitment to delivering thoughtful, truthful communications. Claire is the co-author of three books with the Dark Angels Collective – the world’s first collective novel, Keeping Mum, published in 2014; Established – Lessons from the World’s Oldest Companies, published in 2018; and On Writing, to which she contributed a chapter on corporate reporting, published in 2019. She is an Associate Partner of Dark Angels, a global network of trainers and writers whose philosophy is that business writing should be more human. In July 2019, the Chartered Governance Institute commissioned Claire to write a book on how to do corporate reporting well. With a foreword by Sir Donald Brydon, and contributions from experts across the reporting world, Trust me, I’m listed – why the annual report matters and how to do it well, was published (second edition) in October 2021. |
Ashurst Governance & Compliance updates
Read our latest issue of our AGC series of publications which covers the most recent legal governance and compliance developments.
EU adopts Corporate Sustainability Due Diligence Directive (CS3D)
Which companies are covered, what they need to do to comply and when their obligations start
First European Sustainability Reporting Standards (ESRS) apply from 1 January 2024
Following the publication of the first set of European Sustainability Reporting Standards (“ESRS”) under the Corporate Sustainability Reporting Directive 2022 ((EU) 2022/2464) ("CSRD"), here is a reminder of what you need to knoe and the scoping criteria.
The Corporate Sustainability Reporting Directive - An overview
Find out which companies are in scope and when, and what will need to be disclosed.
The Corporate Sustainability Due Diligence Directive proposal
An overview of the European Commission's proposal for a Corporate Sustainability Due Diligence Directive ("CSDDD") and key takeaways for businesses that potentially come under the CSDDD's scope.
Are Transition Plans at risk of greenwashing claims?
Actions that companies can take to ensure that the disclosures in their TPs do not trigger greenwashing claims.
Transition Plan Taskforce publishes final report on next steps for Transition Plans
An overview of the key TP developments including business impact and recommendations of future focus areas.
The EU Regulation on Deforestation-Free Products (EUDR) remains in limbo: update and prospects
The European Parliament has voted in favour of the European Commission's proposal to delay the EU Regulation on Deforestation-Free Products timeline by one year.
Failure to prevent fraud – Webinar
The much awaited Government guidance is now published – what you need to know and key actions for businesses.
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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.