Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

FRC proposals recommend enhanced roles for audit committees.

Document Cited in Related
Vincent
PositionUpdate - Financial Reporting Council - Brief article

Audit committees should provide more detailed reports about business risks to shareholders, according to new proposals from the Financial Reporting Council (FRC), the UK governance watchdog.

This is one of seven recommendations aimed at improving dialogue between companies and their shareholders contained in an FRC report entitled, "Effective company stewardship: enhancing corporate reporting and audit".

The FRC also said that it wants companies to use the money saved through printing fewer annual reports to improve online access and transparency. This sparked criticism from the UK Shareholders' Association, a private investor lobby group, which said it would fight any attempts to scrap printed annual reports.

Other key FRC...

To continue reading

Request your trial
COPYRIGHT TV Trade Media, Inc.
COPYRIGHT GALE, Cengage Learning. All rights reserved.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT