Business and Other Briefings
DfT: Following consultation on proposals to allow a 2 metre increase in the length of articulated lorries, the Department for Transport is allowing a 10-year trial of up to 900 trailers at an increased length of 2.05 metres and 900 at an increase of 1 metre. The lorries will operate within the existing weight limit of 44 tonnes.
The trial is expected to provide a £33m boost to the haulage industry as the longer vehicles provide up to 13% more loading space – allowing fewer journeys to transport the same amount of goods - without compromising safety.
FRC: The Financial Reporting Council (FRC) last week announced its decision to amend the UK Corporate Governance Code to strengthen the principle on boardroom diversity which was first introduced into the Code in June 2010.
The amendments the FRC is announcing will require listed companies to report annually on their boardroom diversity policy (including gender) and on any measurable objectives that the board has set for implementing the policy and the progress it had made in achieving the objectives. The FRC will also update the Code to include the diversity of the board (including gender) as one of the factors to be considered when evaluating its effectiveness.
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