16 February 2017
The Financial Reporting Council (FRC) has announced that it will undertake a fundamental review of the UK Code Governance Code. While many believe the Code, now in its 25th year, has been successful in enabling an improvement of governance in the corporate sector a number of concerns have emerged in the last year, which suggest there is room for improvement.
The latest review appears to have been triggered by three inter-related sets of events:
The FRC suggests the process of reviewing the Code will commence later in current year.
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