FRC CEO comments on Kay Review Progress Report and appointment of the Investor Forum's board
News types: Statements
Published: 27 October 2014
"The FRC welcomes today’s publication of the Progress Report on the Implementation of the Kay Review. We will work to advance the next steps outlined in the Progress Report and will help work towards greater long term stewardship through the implementation of the UK Stewardship Code.
The FRC is also pleased to see the establishment today of the Investor Forum's board and the publication of its discussion paper on its key principles and we look forward to cooperating with them. We believe that constructive engagement between investors and company boards is central to the overall UK governance framework."
Notes to editors:
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.