Jun 20, 2023
The research finds that Audit Committees Chairs exhibited a keen interest and comprehension of ESG activities within their organizations, recognizing their importance as integral components of good business practice and effective stakeholder communication. While their involvement in decision-making processes, particularly regarding environmental and social aspects, was somewhat limited, they primarily focused on risk management, compliance, and ensuring robust reporting.
Jul 12, 2022
The FRC published a Position Paper setting out the next steps to reform the UK's audit and corporate governance framework. The paper follows the Government Response to the consultation on strengthening the UK's Corporate Governance, Corporate Reporting and Audit systems, including the creation of the Audit, Reporting and Governance Authority, to replace the FRC. The document builds on the areas of the Government Response that fall within the FRC's remit, providing advanced clarity for stakeholders on how the work of reform will be delivered ahead of government legislation.
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