Watchdog backs PM’s drive for governance reform
Financial Reporting Council chief executive supports Theresa May’s agenda for “wider stakeholder engagement”.
UK prime minister Theresa May has warned that reform of corporate governance is on its way with plans for consumer and worker representation on company boards set to be published later this year.
May revealed the imminent arrival of a consultation document while speaking at the Conservative Party conference in Birmingham. Her remarks were welcomed by the chief executive of the Financial Reporting Council (FRC), the UK's governance watchdog, who said reform was needed to improve the relationship between business and society.
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