UK: FRC consults on its priorities for 2010/11

The Financial Reporting Council has published, for consultation, its priorities for 2010/11: see its draft plan (pdf). Major activities include implementing changes to the Combined Code (to become known as the the UK Corporate Governance Code); supporting the introduction of a Stewardship Code for institutional investors; considering whether the need remains for updated guidance for directors and audit committees arising from the financial crisis; and continuing work to improve narrative reporting, including disclosures concerning business models.