In response to ongoing developments, regulators are revising their Corporate Governance Codes and corporate reporting requirements. They intend to stimulate better and more detailed consideration of the risks which affect the longer term viability of companies and to drive overall improvement in the level and quality of risk management. In this regard the Financial Reporting Council (FRC) announced changes to the UK Corporate Code in September 2014.
This joint CGMA report with the Chairmen's Forum, Alvarez & Marsal and Airmic provides insights to help address the challenges of the new reporting requirements in the Code while at the same time providing benefits for companies. The insights were developed from a series of fora and roundtables for chairmen and board members of FTSE100 and 250 companies.