Tag: Financial Reporting Council
News round-up: this week in governance
IoD disappointed over Wates Principles adoption; Allianz demands ESG KPIs are linked to executive pay; Denise Coates takes a pay cut.
Financial Reporting Council appoints four new non-executive directors
Angela Cha, Sir Ashley Fox, Clare Thompson and David Willis have joined the FRC board to work alongside new chair Sir Jan du Plessis.
Audit committee chairs ‘are confusing quality of audit and quality of service’
FRC report also warns that audit committee chairs have a “negative perception of joint audits”, despite this being a key reform proposal.
News round-up: this week in governance
Aviva issues climate warning; FRC seeks stakeholder insights; Unilever fights back; AI reporting needs improvement; and UK firms lead on ESG.
Jan du Plessis gives first insights into FRC governance and audit reform
The prospective FRC chair acknowledged that the watchdog’s own governance needs reform, and that audit scandals have damaged its reputation.
Jan du Plessis lined up as next chair of the Financial Reporting Council
The appointment of Du Plessis, chair of BT Group and a former chair of Rio Tinto and SABMiller, is subject to parliamentary approval.
News round-up: this week in governance
Scrooge strikes again; BT faces takeover; NGOs call for sustainable governance; fallout from Carillion continues; Faber lands new role.
Watchdog highlights companies’ lack of progress on C-suite succession planning
The UK financial regulator wants to see greater cohesion between succession planning, diversity commitment and board evaluations.
News round-up: this week in governance
Shell to shift its HQ; audit reforms continue to cause controversy; Korea introduces gender quota; and stock exchanges make net zero pledges.
Good governance relies on gut instinct, not just rules
The DNA of companies varies significantly. This would suggest that there are many criteria of good governance.