FRC revamps UK Stewardship Code with new report obligation

FRC revamps UK Stewardship Code with new report obligation

Prospective signatories of the UK Stewardship Code face a new reporting requirement and will soon have to prepare annual stewardship reports, following an update by the Financial Reporting Council (FRC).

In …

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UK-listed companies offered Covid-19 issuance lifeline

UK-listed companies offered Covid-19 issuance lifeline

UK-listed companies hit by Covid-19 are being given an additional lifeline as the Pre-Emption Group (PEG) extends the easing of its issuance guidelines, allowing more share capital to be raised from shareholders.

The …

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Lord Callanan, Minister for Climate Change and Corporate Responsibility

UK commits to new accounting watchdog, despite delays

The UK government has pledged to push ahead with a new authority to oversee corporate governance standards, following criticism from a top business committee over its inaction to date.

In an open

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FRC reports highlight benefits of Covid disclosures

FRC reports highlight benefits of Covid disclosures

Investors require “clear and timely” disclosures from companies during the Covid-19 pandemic to inform decision-making and drive capital allocation.

Two new reports from the Financial Reporting Council have attempted to break down what …

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FRC: Expectations and standards ‘still apply’

FRC: Expectations and standards ‘still apply’

The Financial Reporting Council (FRC) has moved to remind companies that expectations and standards have not changed, despite the ongoing Covid-19 crisis.

At the same time, however, the FRC clarified that it had not …

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FRC reports highlight benefits of Covid disclosures

In February, the Financial Reporting Council (FRC) announced what it has called a “major review” of how companies and auditors assess and report on the impact of climate change, with the findings due to be published in the Autumn, ahead

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The UK Government has now implemented social distancing measures across the UK as the coronavirus outbreak continues to gather pace.

Mass gatherings are being postponed or cancelled in response, but UK companies with scheduled annual general meetings (AGM) are having …

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CII backs Nasdaq’s proposal to improve diversity on boards

UK reporting watchdog issues diversity warning

The majority of the UK’s leading companies are failing to act on boardroom ethnic diversity, a major report by the Financial Reporting Council (FRC) reveals.

The report, which reveals most of the FTSE 350 …

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Workforce reporting needs improvement, FRC

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day practices, according to a new report from the Financial Reporting Council’s  Financial Reporting Lab.

Workforce-related matters such as working conditions, changing contractual arrangements and automation …

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FRC: Expectations and standards ‘still apply’

Can the FRC rescue its reputation?

It has become one of the most disparaged – and lampooned – regulatory institutions of this century.

The Financial Reporting Council’s (FRC) oversight of the audit profession has been dubbed everything from ramshackle to

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