UK: boards and risk management - speech by FRC chief executive

In a speech delivered earlier this month (see here, pdf), the chief executive of the Financial Reporting Council, Stephen Haddrill, explained why the FRC had decided to defer its updating of the Turnbull Guidance on Internal Control: in order to meet with directors, investors and others to explore how companies are responding to the new UK Corporate Governance Code provision on the board's responsibilities for risk.