The Financial Reporting Council’s (FRC) mission is to promote high-quality corporate governance and reporting to foster investment. We encourage companies to produce the trustworthy information necessary for informed investment decisions; and encourage trustworthy behaviour by directors and professionals and engagement with them by investors.

In December 2015 we consulted stakeholders on our priorities and resources for the first year of the new three-year strategy. We are grateful for the responses we received, which are published on our website is at www.frc.org.uk/frcplanandbudget. Our priorities and effectiveness indicators met with broad support. We have made some changes to the funding proposals we published in December 2015 in response to stakeholder feedback and more recent data.