Tag: FRC
News round-up: this week in governance
Shell boosts pay of CEO; tenure of CEO ‘more important’ than whether the role is combined with chair position; FRC investigates Vistry.
Watchdog works on special audit regime for Chinese listings
Financial Reporting Council opens a consultation on new audit measures aimed at attracting listings from Chinese companies.
Government plans sustainability assurance oversight
The ‘proportionate’ supervision regime would entail the voluntary registration of providers in the sustainability assurance market.
This is the worst time to abandon audit reform
High-quality audit, accurate corporate reporting and strong governance give investors confidence and help companies operate effectively.
UK female non-executives earn £73k less than male NEDs
Although the UK’s average gender pay gap on boards is shrinking, it is still one of the largest globally, research shows.
Virtual-only AGMs ‘threaten governance’
As the government announces its backing for online, virtual AGMs, ShareAction warns of the potential loss of scrutiny.
Cancellation of audit reform bill ‘extremely concerning’
Business leaders, academics and finance experts call the move ‘a significant step backwards,’ in a letter to the government.
Ditching audit reform ‘risks UK reputation’
Select committee chair says government turnaround on legislation threatens ‘gold standard’ of UK corporate accounting.
Government kills off audit reform bill
It’s the end of the road for audit reform, as the cabinet shifts its focus ‘to promote economic growth and reduce administrative burdens’.
News round-up: this week in governance
Financial Reporting Council sets out priorities for 2026; ICAEW on ‘asymmetry’ of board liabilities; US defence industry execs under fire.