Last week, the UK Financial Reporting Council (FRC) published the final version of its updated Corporate Governance Code. The changes to the Code, which primarily revolve around the effectiveness of internal controls, will come into effect in January 2026.
When the FRC initially published a consultative draft of the Code in May 2023, it contained 18 proposed changes. These included heightened diversity reporting requirements and new audit committee responsibilities for environmental, social, and governance (ESG) issues. The FRC elected to do away with many of these reforms late last year in the name of industry competitiveness.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion