The Financial Reporting Council (FRC) was recently tasked with revisiting the UK Corporate Governance Code under the auspices of the government. In May this year, the FRC launched a public consultation on its proposed changes to the Code, including a revised framework of reporting controls and revisions to reflect the responsibilities of the board and audit committee for sustainability and ESG reporting. We talked to the FRC's Mark Babington, executive director of regulatory standards, about the FRC's relationships with other regulators, how this year's AGM season has played out, and his...
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