UK: FRC reviewing governance principles

The chairman of the Financial Reporting Council, Sir Winfried Bischoff, delivered a speech earlier this week at the UK Financial Services BREXIT summit: see here. With regard to corporate governance, Sir Winfried explained: "The government’s interest in making business work for everyone, means we are considering how our governance principles best meet the wider demands of all stakeholders or need to be amended".

The question that Sir Winfried asks is certainly an important one but it's not clear if a wide-reaching public consultation is intended: much will no doubt depend on what emerges from the Government's corporate governance consultation later this year and the inquiry currently being conducted by the Business, Innovation and Skills Committee.