Tag: Financial Reporting Council
Stakeholder engagement: it’s time to ditch public vs private
Our radically altered corporate governance landscape, in pursuit of sustainability, requires an updated distinction between types of company.
UK boards face internal controls shake-up
The government’s reform proposals include seeking disclosures from many non-financial public interest entities.
News round-up: this week in governance
FRC awaits powers for audit reform; CEO transferable skills ‘myth’; Asos cuts CEO bonus; compliance can stifle innovation.
Why we need audit reform right now
There is an “urgent need” for reform to the audit landscape as well as internal audit, the Chartered IIA argues.
News round-up: this week in governance
Musk ‘slept on factory floor’; Tyson Foods CFO arrested; FRC public interest entity definition grows; Japan urged to boost women on boards.
IA publishes guidance on executive remuneration for 2023
The Investment Association has updated its guidance and advises that NEDs’ time commitment and role complexity be reflected in their fees.
FRC unveils new audit committee standards
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.
US passes clawback rules
Regulators have moved on clawbacks in Washington while the UK has them under review.
Years after Carillion’s collapse, the UK still waits for audit reform
Researchers say inquiry focused on apportioning blame to individuals, rather than investigating the regulatory system.
FRC reviews corporate governance reports 2021-22
The watchdog found the quality of reporting to be good, but there were many areas of concern, including cash flow statements.