- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Financial Reporting Council has published its annual report on corporate governance, and it looks as if boards need to do more to improve their corporate governance and reporting practices, writes Neil Hodge.
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Attacks on the Financial Reporting Council are growing at the same time the U.K. regulator has been granted sweeping new powers to do a job it has been accused of not doing very well.
The FRC has proposed amendments to strategic reporting guidance in the hopes that companies will expand their range of non-financial reporting to give stakeholders a better understand of companies’ decision making and corporate strategies.
Retail Acquisitions’ purchase of troubled retailer BHS for £1 (U.S.$1.3) has since been complicated by a £6M (U.S.$7.8M) loan coming due and some extremely unstable governance issues.
