Governance
COMMENT: Audit reform, 6 November, 2023
An uncomfortable U-turn on audit reform
The government’s bonfire of the regulations expected for audit reform creates a source of uncertainty for business.
NEWS: AI safety, 2 November, 2023
Bletchley forum calls on companies to play a part in AI safety
Artificial intelligence must be ‘governable’ and ‘used for good’, says a declaration from 28 countries represented at the AI Safety Summit.
INSIGHT: Governance, 1 November, 2023
How to prevent overboarding
Why it may be counterproductive to place a hard cap on the number of board positions a non-executive director can hold.
NEWS: Audit reform bill, 30 October, 2023
MPs and Lords call for audit reform bill in King’s Speech
Delays to audit reform prompt parliamentarians to push for its inclusion in government’s legislative agenda despite signs of it being postponed.
COMMENT: Audit reforms, 25 October, 2023
Ditching audit reforms will ‘diminish’ UK reputation for reporting
We will continue to argue for and support improvements to corporate reporting (and to audit quality and to audit oversight) in the UK, to ensure that the UK continues to be a world leader in this really important area.
NEWS: Governance, 24 October, 2023
Reversal on audit reform makes ‘little sense’
Investors react to the government’s U-turn on proposed measures prompted by the collapse of Carillion in 2018.
NEWS: Diversity, equity and inclusion, 20 October, 2023
Number of minority NEDs drops
Although there is some progress in diversity in other board roles, research suggests that boards are prioritising experienced directors.
NEWS: Audit reform, 18 October, 2023
UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.
NEWS: Audit reform, 16 October, 2023
Audit reform changes will increase ‘pressure’ on boards
Implementing managed shared audit would put a burden on audit committees, a recent panel discussion concluded.
ESG compliance, 13 October, 2023
Banks must pay ‘close attention’ to ESG
Regulators have expressed concern about sustainability linked loans and ‘greenwashing’, a recent panel discussion revealed.