Wednesday 23 April 2014

UK: FRC publishes plan and budget for 2014/15

The Financial Reporting Council has published its plan and budget for 2014/15: see here (pdf). With respect to governance and stewardship, which form only one part of the FRC's activities, the following actions are identified: updating the UK Corporate Governance Code with regard to risk management, going and concern and remuneration; encouraging improvements in the quality of explanations where boards choose not to comply with a Code provision; working closely with investors to ensure that they have the information they need to take a long-term view of a company’s prospects and encouraging fund managers and asset owners to explain how they are engaging with the companies in which they invest.

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