The United Kingdom introduced for debate corporate reporting reforms that would require the country’s largest companies to set out their risk management and resilience strategies as part of required annual reporting.
The draft regulations put forward Wednesday would apply to U.K. companies with at least 750 employees and annual turnover of 750 million pounds (U.S. $964 million) or more. The rules, subject to parliamentary approval, would come into force Jan. 1, 2025.
