FRC appoints Director of Corporate Governance
News types: Staff/Board Announcements
Published: 5 March 2014
PN 012/14
The Financial Reporting Council (FRC) has appointed David Styles as Director of Corporate Governance. He will join the FRC on 6 May 2014. David will bring to the role a wealth of experience and a wide knowledge of corporate governance and stewardship. He joins the FRC from the Department for Business, Innovation and Skills where he has worked in the Corporate Law and Governance Directorate and led implementation of departmental policy on directors' remuneration, shareholders' rights and corporate governance.
Melanie McLaren, Executive Director Codes & Standards, said:
Melanie McLaren, Executive Director Codes & Standards, said:
“David joins the FRC at an important time as we seek to work with international standard setters and policymakers on a range of corporate governance issues. In this year where we will update the UK Corporate Governance Code, David will work with stakeholders to implement changes to going concern and risk management guidance as well as taking forward a new project on succession planning.”
Notes to editors:
David Styles has been a civil servant in the Department for Business Innovation and Skills (and predecessors) for nearly 30 years. During his career he has held a number of posts dealing directly with a variety of businesses and industry sectors. He is currently Assistant Director in the Department's Environment Regulation Team, where he has led the team working on the negotiation of the Waste Electrical and Electronic Equipment Directive and its subsequent implementation in the UK. Prior to that he was Assistant Director in the Corporate Law and Governance Directorate with responsibility for policy on directors' remuneration, shareholders' rights and corporate governance, including European and international negotiations on these issues. The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.