Corporate Governance reminders

The Corporate Governance resources included below discuss a number of areas which audit committees and other non-executives should be focussing on as we head into the 2014 reporting season.  These include the areas of focus from the Financial Reporting Council’s (FRC's) Corporate Reporting Review, the FRC’s recent press notice on reporting Audit Quality Review inspection findings and tips on effective audit committee reporting.  In addition there are a number of requirements in the updated UK Corporate Governance Code and the Competition and Market Authority's (CMA's) Order which require action from the start of the new financial period and which we are also raising awareness of in the resources below.

Quick links to other resource pages including the UK Corporate Governance Code and Guidance on Risk and Internal control and checklists to assist companies to comply with current governance, legislative and regulatory requirements are also provided.

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Latest Resources

Governance in focus — Internal control and the board: What is all the fuss about?

23 Jun, 2021

Recent calls for a US style internal control attestation raise very real questions as to whether existing board responsibilities under the UK Corporate Governance Code go far enough and whether there is sufficient guidance for boards to execute these responsibilities effectively. In this publication we remind boards what the Code and supporting guidance say in relation to internal controls, consider the differences between the UK and US requirements and set out some thoughts on what boards should be doing now.

The Hampton-Alexander Review publishes its 2019 Report

15 Nov, 2019

The Hampton-Alexander Review is an independent, business-led initiative supported by Government and is the successor to the five-year Davies Review into Women on Boards. Its initial report, published in November 2016, set a five key recommendations aimed at increasing the number of women in leadership positions of FTSE 350 companies

Investment Association publishes updated Principles of Remuneration

11 Nov, 2019

The Investment Association (IA) has published its updated Principles of Remuneration ("the Principles").

Governance in focus — Board briefing on the new Section 172(1) statement

24 Sep, 2019

Deloitte produces board briefing on the new Section 172(1) statement

Governance in focus -- On the board agenda — half year 2019

05 Jun, 2019

Before you break for the summer, this briefing is designed as an update to help you establish the agenda for the rest of 2019. This review for boards and committees covers interim and year-end reporting, emerging themes, as well as an update on areas of regulatory focus. There is much to get to grips with which will benefit from forward planning. To assist we have provided a summary checklist for your agenda.

Governance in focus — On the board agenda 2019

27 Nov, 2018

As 2018 draws to a close, we thought this briefing would stimulate your thinking. The Deloitte Academy’s review of hot topics for boards and committees for the 2019 reporting season covers both areas of regulatory focus as well as emerging themes.

Governance in focus — On the board agenda - half year update July 2018

20 Jul, 2018

As you break for the summer, this briefing is designed as an update for you to help establish the agenda for the rest of 2018. This review of hot topics for boards and committees for the remainder of the year covers both emerging themes as well as an update on new areas of regulatory focus.

Governance in focus — Cyber risk reporting in the UK

28 Mar, 2018

This survey represents our second review of cyber reporting by the UK’s FTSE 100 companies, designed to help you identify examples of good practice and to offer insight about how to keep the users of annual reports informed.

FRC publishes an Audit and Assurance Lab project report into Audit Committee Reporting

20 Dec, 2017

The Financial Reporting Council (FRC) has published a report by its Audit and Assurance Lab on Audit Committee Reporting.

FRC issues Plan and Budget for 2017/2018

30 Mar, 2017

The Financial Reporting Council (FRC) has published its Plan and Budget, including its Levies, for 2017/18 which indicates those priorities that it will focus on in 2017/18.

Governance in Brief — Are you at risk for your new year?

04 Dec, 2014

This publication from Deloitte has been issued to increase awareness of the new requirements of the updated UK Corporate Governance Code and the Guidance on Risk Management, Internal Control and related financial and business reporting, published by the FRC in September 2014.

Governance in Brief — New UK GAAP considerations for boards and audit committees

03 Dec, 2014

This publication from Deloitte discusses the changes to the UK financial reporting framework for periods beginning on or after 1 January 2015 and summarises the key considerations for boards and audit committees.

Governance in brief — FRC advises audit committees to take care with disclosure of AQR findings

25 Nov, 2014

This publication from Deloitte discusses the Financial Reporting Council's (FRC's) statement setting out advice to audit committees when implementing the Competition and Markets Authority (CMA) recommendations around disclosure of Audit Quality Review (AQR) findings by FTSE 350 companies.

Governance in focus: In the spotlight — audit committees and the 2014 reporting season

20 Nov, 2014

In this Governance in focus we review the topics audit committees need to focus on in the 2014 reporting season, including: the areas of focus from the FRC’s Corporate Reporting Review, effective audit committee reporting, new responsibilities under the CMA Order, the impacts on the provision of professional services, the updated UK Corporate Governance Code and the key governance themes for 2015, including the FRC’s integrated guidance on Risk management, internal control and related financial and business reporting.

Governance in Brief — FRC publishes 2014 Corporate Reporting Review and sets out areas of focus for the coming reporting season

06 Nov, 2014

This publication from Deloitte discusses the Financial Reporting Council (FRC)'s report on the Corporate Reporting Review (CRR) activities for the year ended 31 March 2014.

Directors' remuneration in FTSE 100 companies — the story of the 2014 AGM season so far

30 Jun, 2014

This review focuses on how shareholders are responding to the new style directors' remuneration reports and also includes some preliminary findings from our main report on directors' remuneration in FTSE 100 companies which will be published in September. There are some interesting trends emerging which suggest that shareholders are successfully influencing how directors' remuneration is structured . It is encouraging that this has tended to be the result of consultation prior to the vote rather than shareholders finding it necessary to use the vote to effect a change.

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