UK governance watchdog requests more disciplinary powers beyond its current scope, to include all directors of listed and larger private companies.
The Financial Reporting Council (FRC) wants to extend the scope of its disciplinary powers beyond auditors, accountants and actuaries to all directors of listed and larger private companies, it has been revealed.
Recommendations on corporate governance and what additional enforcement powers the FRC wants were set out in a letter to the House of Commons’ Business, Energy and Industrial Strategy Committee by FRC chief executive, Stephen Haddrill.
Explaining that it is impossible under the current regime to hold directors to account—ev
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