The government has launched a consultation on creating a new governance and audit watchdog with more powers, to replace the Financial Reporting Council (FRC).

Recent corporate collapses such as BHS and Carillion have put "going concern" statements in the spotlight. New guidance will make non-executive directors—especially those on the audit committee—part of the assessment.

The only surprising thing about business minister Kelly Tolhurst's letter raising the issue of ethnic minority representation on UK company boards is that it has taken so long.

Remuneration committees (remcos) tend to focus on executive pay, but a think tank has called for their remit to be widened to include culture and people.