LONDON, June 1 /PRNewswire/ --

- Software Released as Consultation Closes on the Financial Reporting 
Council's Review of UK Corporate Governance

An innovative software service for FTSE company chairmen, directors and
company secretaries is launched today, aimed at helping UK companies raise
corporate governance standards at a time when they have never been under such
intense scrutiny.

The EnForm Corporate Indicator enables company boards to put good
governance practice at the heart of board operations, improve communication
among the board, management and stakeholders, and facilitate more productive
board and committee evaluations.

The Indicator provides a real-time analysis of how an individual company
complies with current standards as well as investor expectations. Companies
complete a self-certification process that benchmarks their own governance
against the best-practice Combined Code on corporate governance, based on
1,400 metrics.

It also assesses companies' governance against the guidelines of the two
main institutional investor bodies, the National Association of Pension Funds
and the Association of British Insurers, whose members between them control
assets equivalent to nearly half the UK stock market.

EnForm provides a comprehensive, up-to-date and auditable breakdown of
the company's governance strengths and weaknesses, allowing companies to
focus on specific areas in need of improvement, enhance board oversight and
enable more meaningful reporting. The service has been pioneered by
Governance Integrity Solutions (GIS) http://www.informgis.co.uk.

Given the current downturn and concerns over UK governance standards,
the Financial Reporting Council, the UK governance watchdog, has
brought forward its review of the Combined Code from next year. A public
consultation closed at the end of May 2009.

Jonathan Lewis, CEO of Governance Integrity Solutions, said:

"The recent financial crisis has exposed significant flaws in the way
that large UK companies are governed and directed. There's nothing wrong with
the basic infrastructure of UK governance but the challenge remains to
implement the system more effectively. The EnForm Corporate Indicator is a
tool that will help companies meet that challenge.

"A review of the UK corporate governance regime is underway by the
Financial Reporting Council, and a public consultation on the Combined Code
has just closed. In our submission, we argued that increased attention needs
to be given to risk management, sustainability, implementation and tools for
boards to improve monitoring. The EnForm Corporate Indicator will be part of
the solution."

Contacts:

    Kit Bingham
    +44(0)20-7630-1411
    kbingham@thecommunicationgroup.co.uk