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The Actuary The magazine of the Institute & Faculty of Actuaries

FRC reviews progress on governance

The Financial Reporting Council (FRC) has published its Annual Report for 2010/11 detailing progress in promoting high-quality confidence in corporate reporting and governance.

Baroness Hogg, chairman of the FRC, highlighted the launch of the Corporate Governance Code, a Stewardship Code for investors, a consultation paper on Effective Company Stewardship and a series of discussions on best practice in fulfilment of boards’ responsibilities with respect to risk.

"Our key challenge for the coming year will be to weave the disparate activities of the FRC into two functional strands: one concerned with the setting of codes and standards, the other with the conduct of companies and professionals," she said.

The FRC also issued an early call for those with an interest in the FRC’s work and the integrity of the accountancy and actuarial professions to attend its Annual Open Meeting on 28 February 2012 .

Interested parties are asked to submit discussion topics in advance to aom@frc.org.uk.

The Annual Report 2010/11 is available here.