FRC Archives

FRC reports highlight benefits of Covid disclosures

Companies face new reporting and governance targets

Companies face new reporting and governance targets

Companies have been urged to improve their corporate reporting and governance practices in a new report from the Financial Reporting Council.

The FRC published its Annual Review of the UK Corporate Governance …

Regulator refines proxy advisor rules

The Financial Conduct Authority (FCA) has updated its proxy advisor enforcement rules following industry feedback.

The update follows the regulator’s proxy advisor Shareholders’ Rights Regulations (SRD II), which came into force in June, that gave the FCA …

Stewardship moves beyond box ticking

The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020.

The revised Code has set a higher standard for how money is …

FRC promises corporate governance and reporting crackdown

FRC promises corporate governance and reporting crackdown

The Financial Reporting Council (FRC) is to expand its monitoring of corporate governance and reporting standards as it considers the effectiveness of its new governance code.

In its annual report for the year …

FRC fines treble to £43m as regulator sends “clear message”

The Financial Reporting Council (FRC) dealt out a record £43m in fines during the past year for misconduct and breaches, as the regulator accelerated cases to conclusion.

The …

Andrea Leadsom leader of the House of Commons

HMRC loses chief to new audit watchdog as Leadsom means business

HMRC loses chief to new audit watchdog as Leadsom means business

The chief executive of Her Majesty’s Revenue and Customs service has been confirmed as the person to lead the Financial Reporting Council into the refreshed entity the Audit, Reporting …

FCA, FRC target “Effective” Stewardship

FRC and FCA target new, rigorous stewardship regime,
SRDII implementation begins, ESG resourcing questioned

In the latest round of consultations and discussion documents, the UK’s governance and financial markets regulators have laid out their “substantially higher expectations for investor stewardship …

IoD calls for greater transparency on pay

The Institute of Directors (IoD) has called for tougher rules on executive pay, including greater transparency over the effect of share buy-backs, in its response to the Financial Reporting Council’s (FRC) consultation on the revised UK corporate governance code.

The …

UK: Labour criticises choice of chair for private firm governance review

The Labour Party has criticised the UK government’s choice of chair for its coalition group that will be developing corporate governance principles for private companies. James Wates CBE, chairman of Wates, a family-owned construction firm, chaired the first meeting …

UK’s Financial Reporting Council: stakeholders call for more transparency

The UK’s Financial Reporting Council (FRC) has published the findings of a survey of its stakeholders in which many call for more transparency in its internal processes and state that its current enforcement activities are too slow.

The FRC said …