FRC unveils watered down changes to governance rules for company directors
Britain’s auditing watchdog has published a new set of governance rules for company directors, which have been watered down from the originally proposed changes in a bid to safeguard UK competitiveness.
The Financial Reporting Council (FRC) on Monday unveiled revisions to the UK corporate governance code, which applies to firms with a premium listing on the London Stock Exchange.
The most significant change is that directors will be required to annually sign off on the effectiveness their companies’ internal controls.
The watchdog made a small number of further revisions but they come as a fraction of
