Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.

In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.

There are ‘fracture points’ that threaten to derail strategy delivery, so listening to colleagues’ views on competitive advantage is vital.

Watchdog ‘lays groundwork for the creation of ARGA’ with planned consultation on audit committee ‘minimum standards’.