FRC Archives

UK’s FRC proposes “shorter and sharper” governance code

The UK’s Financial Reporting Council (FRC) has proposed a revised corporate governance code which it said is “shorter and sharper” than the existing code and builds on its work into corporate culture last year.

The FRC said the revised code

UK round up: FRC says corporate reporting could still be improved

UK corporate reporting could still be improved through the disclosure of specific company rather than generic information according to the Financial Reporting Council (FRC).

In its annual review of corporate reporting, the FRC said disclosures by large listed UK …

UK corporate governance reforms: Pay ratio disclosure to be mandatory

The UK government is to require companies to publish pay ratios between chief executives – based on their total remuneration – and their average UK worker. This was among the actions outlined in the government’s response to its corporate governance …

UK consults on non-financial reporting

The UK’s Financial Reporting Council (FRC) has begun a consultation on amendments to its guidance on the strategic report which aims to improve non-financial reporting by companies. The guidance was originally issued in 2014 when strategic reports were introduced.

The …

FRC recognises improvements in audit quality

The quality of auditing of larger companies has improved after targeted work by the Financial Reporting Council (FRC) the regulator said. The FRC said the leadership of audit firms’ focus on, and investment in, improving audit quality, together with promoting …

UK’s FRC: More work is needed to improve audit quality for all companies

The quality of audits of FTSE 350 companies in the UK has steadily improved over recent years, according to the latest audit reviews undertaken by the country’s regulator, the Financial Reporting Council (FRC), however more work is needed to ensure …

FRC UK chairman announces review of corporate governance code

FRC: Wide-ranging review of UK corporate governance code launched

The UK’s corporate governance landscape could be set for set for a wholesale changes after the Financial Reporting Council (FRC) announced a wide-ranging review of the corporate governance code. This will take into account the regulator’s recent work on corporate …

UK companies need to do more to improve public trust says FRC

The Financial Reporting Council (FRC) has said it is ready to make further changes to the UK’s corporate governance code to reflect concerns about the role of companies within society and to improve public trust in its annual report, Developments …

Sports Direct chairman hits out at “extreme campaign”

Keith Hellawell, Sports Direct chairman, has hit out at the company’s critics in its half year results and stated that: “I have no doubt that the extreme political, union and media campaign waged against this company has not only …

Law changes needed for better governance says FRC

The Financial Reporting Council has recommended a series of changes that are needed to improve the UK’s governance regime. In a letter to the Business, Energy and Industrial Strategy (BEIS) select committee the FRC has said that Section 172 of …