Tag: FRC
Wates Principles disclosures improve—but raise ‘concern’
Companies are complying with the governance code, but ‘continue to struggle’, finds research on behalf of regulators.
News round-up: this week in governance
Rise in UK directors’ confidence; Delaware’s corporate law foundations shaken; EY fined by FRC for breaching fee cap.
FTSE 100 sees investor approvals skyrocket
In the 2024 AGM season, for the first time in more than a decade, shareholders passed 100% of FTSE 100 management resolutions.
UK to bring in ESG ratings regulation
Rachel Reeves, the chancellor, has announced there will be legislation aimed at increasing transparency in ESG ratings.
Watchdogs to keep tabs on private equity investment in audit sector
Private equity funding of audit firms is an emerging issue to watch, according to the Financial Reporting Council.
Audit reform back on the government’s agenda
Today’s King’s Speech included a declaration that the UK would get a draft audit reform and corporate governance bill.
The UK needs an audit and corporate governance reform bill
Adopting proposals ditched by the previous government would foster growth and a transparent, trustworthy business ecosystem.
Audits fail to flag up bankruptcy risk
Three-quarters of audits for PLCs that subsequently went under did not raise the alarm, Sheffield University research reveals.
News round-up: this week in governance
Plus500 fintech faces major pay revolt; FRC fines auditors £14m; investor pressure here to stay; disclosure ‘may fail to help ESG’.
Ex-Royal Mail chair insists he gave appropriate attention to Post Office
Speaking at the public inquiry into the Horizon IT scandal, Allan Leighton was refuting a suggestion of ‘overboarding’.