The European Commission is expected to publish new proposals for corporate governance reform next month, which could lead to important legal changes across the trading blocโ€™s 27 member states.

The proposals focus on improving governance standards in the financial sector. They will be based on a report received by the Commission on the sectorโ€™s governance failings, according to a joint briefing paper from the law societies of England, Wales, Scotland, and Northern Ireland. The briefing provides an overview of all the key legal and regulatory initiatives in the Commissionโ€™s pipeline.