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21 December 2010

FRC priorities and funding proposals


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Das britische FRC hat seine Prioritäten und Finanzierungsvorschläge für den Zeitraum 2011 – 2012 veröffentlicht. Das Papier unter dem Titel 'Draft Plan and Levy Proposals 2011-12' kann auf der Website des FRC eingesehen werden. Kommentare werden bis zum 9. März 2011 erwünscht.


In 2010/11 the FRC will focus its work on four major outcomes:
  • stronger and better-informed engagement between institutional investors and company boards;
  • corporate reporting and auditing that deliver greater value to investors and better serve the public interest;
  • a strong UK voice in the EU and international debate on the future regulation of corporate governance, reporting and auditing; and
  • a more effective UK regulatory framework that adds value for investors and other stakeholders at low incremental cost.
 
The FRC will finalise its 2011/12 Plan and Levy Proposals in May 2011, taking account of the responses to its consultation paper and any outcome of the work by the Government on the reform of the FRC.
 
FRC Chairman, Baroness Hogg, said:“During the economic crisis equity markets performed an invaluable role in providing the capital businesses needed to survive. As we now look forward to a period of economic growth the capital markets remain fundamental to the UK’s future economic success."

“The FRC’s work in the coming year will focus on the key ingredients of corporate reporting, governance and audit, all of which support the integrity, efficiency and competitiveness of the capital market. 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. We must also continue to influence the international policy and regulatory agenda. 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."

“We will work closely with Government to ensure that we have the powers necessary to carry out our responsibilities and that reform of the FRC by Government strengthens our independence and effectiveness”.

Press release


© FRC

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