- 11 February 2025
We have submitted our insights to the UK Government's Spending Review which closed yesterday. We firmly believe that good governance is key to driving economic and societal value. Better governance leads to better decision-making across all organisations, fostering accountability alongside economic growth.
We urge the Government to:
- Champion responsible governance as vital to effective organisations and a driver of long-term sustainability.
- Champion the importance of qualified governance professionals.
- Deliver new statutory powers for the Financial Reporting Council and complete the legal underpinning for its transition to ARGA.
- Broaden the range of responses to manage unacceptable behaviour by directors.
- Set a clear timetable for secondary legislation to deliver the transformation of Companies House.
- Bring forward reform of all-employee share plans to increase participation.
- Reduce fraud risk for businesses by closing loopholes through smart regulation.
Responsible governance and stewardship help businesses focus on competitiveness and attract greater investment, creating optimal conditions for long-term value creation. The UK economy benefits from valuing oversight and regulation, which support sustainable value creation and UK values. It is crucial for the Government to actively champion the benefits of governance to maintain and grow investment in UK companies and businesses through increased investor confidence.
