Tag: FRC
Business leaders call for election promises on audit reform
The Institute of Directors’ ‘Manifesto for Business’ also seeks change to section 172 to promote company purpose.
News round-up: this week in governance
Listed companies’ audit fees rocket; billionaire gives boost to sustainability directive; Sir Jon Thompson joins Frasers Group.
Manufacturers increase ESG commitment
A rising proportion of the UK’s makers are setting sustainability targets, but find it difficult to assess their suppliers’ ESG progress.
UK Corporate Governance Code an ESG ‘disappointment’
Thinktank criticises the Financial Reporting Council for deleting ‘pretty tame’ measures related to ESG from the latest version.
Regulator updates UK governance code
Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.
Watchdog monitors Post Office inquiry
While the Financial Reporting Council has no power over the Post Office, it might investigate audit work at the quango.
News round-up: this week in governance
ESG fund launches tail off drastically in 2023; Financial Reporting Council fines firms £33.2m; CEOs should be the ‘voice of reason’.
News round-up: this week in governance
Supply chain warning; Japan improves corporate governance; FRC drops proposals; BP penalises Looney; US investors resist high pay.
Big Four continue to dominate audit market
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.
Railpen backs sustainability reporting standards
The UK pension fund notes in voting guidelines that the ISSB reporting standards IFRS S1 and S2 should be seen as a ‘minimum’.