Tag: FRC
Ex-Royal Mail chair insists he gave appropriate attention to Post Office
Speaking at the public inquiry into the Horizon IT scandal, Allan Leighton was refuting a suggestion of ‘overboarding’.
Reform audit ‘payment model’, academic argues
Dirk Beerbaum writes the Wirecard scandal underlines the need to confront the ‘inherent’ conflicts of interest caused by companies paying the auditors who police their financial reporting.
News round-up: this week in governance
Investors support need for ESG policy; revised reporting standards; call for ARGA; US climate debate hots up; a big bath on earnings.
News round-up: this week in governance
Sustainability reporting assurance is on the cards; leaders gain status through humility; the biggest bonuses; older CEOs cut less carbon.
Business leaders call for election promises on audit reform
The Institute of Directors’ ‘Manifesto for Business’ also seeks change to section 172 to promote company purpose.
News round-up: this week in governance
Listed companies’ audit fees rocket; billionaire gives boost to sustainability directive; Sir Jon Thompson joins Frasers Group.
Manufacturers increase ESG commitment
A rising proportion of the UK’s makers are setting sustainability targets, but find it difficult to assess their suppliers’ ESG progress.
UK Corporate Governance Code an ESG ‘disappointment’
Thinktank criticises the Financial Reporting Council for deleting ‘pretty tame’ measures related to ESG from the latest version.
Regulator updates UK governance code
Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.
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.