UK: FRC draft plan and budget proposals 2011/12

The Financial Reporting Council has published its draft plan and budget levy proposals for 2011/12: see here (pdf). The FRC states that it will focus on the following activities: [1] stronger and better-informed engagement between institutional investors and company boards, [2] corporate reporting and auditing that deliver greater value to investors and better serve the public interest, [3] a strong UK voice in the EU and international debate on the future regulation of corporate governance, reporting and auditing, and [4] a more effective UK regulatory framework that adds value for investors and other stakeholders at low incremental cost.