FRC wants better investor engagement in 2011
Financial Reporting Council outlines four key priorities for 2011
ACCOUNTING’s WATCHDOG will focus on better engagement between institutional investors and company boards during the next year.
The Financial Reporting Council (FRC) has published its priorities for the coming 12 months.
Alongside stronger engagement with investors, the FRC intends to push corporate reporting and auditing to deliver greater value to investors and better serve the public interest; provide a strong voice in the UK and EU on governance and auditing matters and; improve the regulatory framework to give better value to investors and stakeholders, at a low cost.
FRC chairman Baroness Hogg said: “We will encourage a more productive dialogue between investors and company boards and will strengthen corporate reporting and auditing frameworks to ensure they better serve the needs of investors and the public interest.
“In 2011, the European Commission will develop its proposals on the future of audit and corporate governance and it is vital that the FRC is involved in those debates to ensure that the UK voice is heard.”
