Tag: Financial Reporting Council
Watchdog monitors Post Office inquiry
While the Financial Reporting Council has no power over the Post Office, it might investigate audit work at the quango.
News round-up: this week in governance
ESG fund launches tail off drastically in 2023; Financial Reporting Council fines firms £33.2m; CEOs should be the ‘voice of reason’.
What’s in store in 2024?
In what may prove an ‘interesting time’ for boards, this year’s governance challenges include reporting changes, sustainability and AI.
News round-up: this week in governance
Supply chain warning; Japan improves corporate governance; FRC drops proposals; BP penalises Looney; US investors resist high pay.
Big Four continue to dominate audit market
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.
Railpen backs sustainability reporting standards
The UK pension fund notes in voting guidelines that the ISSB reporting standards IFRS S1 and S2 should be seen as a ‘minimum’.
Boards tasked to ‘focus on decarbonising supply chain’
In advance of COP28, IIA report says comprehensive due diligence will help business avoid sabotaging net zero target.
News round-up: this week in governance
FRC reveals next year’s supervisory focus; are regulators driving out the notion of risk? S&P 500 firms’ committees proliferate.
Sustainability governance is on the rise
But despite greater corporate attention being paid to ESG, directors’ engagement with it is losing momentum, global report finds.
Why UK corporate governance needs tightening up
The LSE’s response to the government’s panicky U-turn on governance regulation is not helpful to NEDs and other stakeholders.