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In this Essential Directorship Masterclass module from ThreeTicks, explore The Wates Corporate Governance Principles for Large Private Companies — a key development in UK governance practice. Since 2019, large private companies have been required to explain how they apply good corporate governance. The Wates Principles, developed by Sir James Wates and a coalition of industry and governance bodies, provide a practical framework for doing so. This session explains the background to the regulations, who they apply to, and how the six Wates Principles — Purpose and Leadership, Board Composition, Director Responsibilities, Opportunity and Risk, Remuneration, and Stakeholder Relationships and Engagement — help organisations build transparency, accountability, and sustainable success. Learn how the “apply and explain” approach differs from the traditional “comply or explain” model, and how boards can adapt the principles to suit their structure, size, and purpose. Whether you are a director of a family business, a private equity-backed firm, or a subsidiary of a larger group, understanding and applying these principles is central to modern governance excellence. 📦 Further Resources Learn more about developing your board and leadership effectiveness at https://ThreeTicks.com — including Directors’ Brief for insights on governance, leadership, and boardroom practice, personal assessments to review your current effectiveness, and one-to-one coaching to help you achieve your career goals. 🔖 Hashtags #ThreeTicks #DirectorsBrief #CorporateGovernance #WatesPrinciples #BoardLeadership #DirectorTraining #GovernanceCode #PrivateCompanies #GovernanceFramework #LeadershipDevelopment #BoardEffectiveness #CorporateResponsibility #UKGovernance #ExecutiveEducation #ProfessionalDevelopment