Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.
Shadow minister for business, Jonathan Reynolds, says Labour will push through audit reform when in office.
New government requirements mean boards will need to disclose planned responses to risks—leading to tough choices, a recent briefing heard.
Many chairs believe the focus on compliance has led to the board’s relationship with institutional investors deteriorating, report finds.
While bemoaning the “glacial” pace of audit reform, he hails the pandemic’s transformation of communication between boards and employees.
Trusted corporate information is vital as firms and stakeholders assess the impact of both climate change and Covid-19 on business strategies.
Lord Norman Blackwell scoops the FTSE 100 non-executive of the year award in a year that presented “immense challenges” for boards.