UK Corporate Governance Code

Compliance with the UK Corporate Governance Code

The UK Corporate Governance Code, published in April 2016 by the Financial Reporting Council (the ‘Code’), sets out standards of good practice in relation to Board leadership and effectiveness, remuneration, accountability and relations with shareholders.

Pages 42 to 48 of the Indivior annual report 2018 describe how the Board has applied the Main Principles of the Code.  Throughout the financial year and to the date of the annual report, the Company has complied with the provisions of the Code. A copy of the Code is available from the FRC website www.frc.org.uk.

A new UK Corporate Governance Code was published in 2018 and will apply for the financial year ending December 31, 2019. The Board has undertaken an assessment of its readiness to comply with and report against the 2018 Code, and we have begun to adopt certain changes to prepare for compliance with the new Code.