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East Midlands Chamber News

Firms told to engage with staff to improve trust

A new corporate governance code aimed at improving trust in business has been published by the accountancy watchdog.

The changes include banning senior executives from selling shares awards for five years and encouraging firms to improve how they engage with staff.

The code isn't mandatory, but listed UK firms opting out would need to explain to investors why they had.

The shake-up comes in the wake of high profile corporate failures such as the collapsed construction firm Carillion, the BBC has reported.

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