FRC drops references to environment and society in stewardship definition update
Consultation opens on revised UK Stewardship Code as commentators warn on ‘sending the wrong signals’
Financial Reporting Council
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Urgent need for consensus around stewardship practices with rise of ‘engagement washing’
‘More activity’ has become the dominant narrative but this misses the point, according to WHEB’s white paper
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FRC announces five new ‘priority areas’ amid revised UK Stewardship Code
The council engaged with over 1,500 stakeholders earlier this year
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Corporate governance code revision ‘a more balanced approach than originally proposed’
The Financial Reporting Council has released changes to the code after taking industry feedback
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FRC scraps ESG changes to governance code following industry feedback
Includes proposals relating to the role of audit committees on ESG
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UK urged to adopt ISSB standards by sustainable investment industry
Groups respond to TAC consultation saying IFRS S1 and IFRS S2 should become UK regulatory requirements
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FRC urged not to weaken corporate governance rules
Chartered Governance Institute also argues FRC Stewardship Code ‘lacks effective enforcement’
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UK Stewardship Code signatories grow to 277
And FRC appoints head of stewardship
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FRC consults on update to UK corporate governance code
Looking at the need to revise board responsibilities around ESG reporting