- 7 September 2026
The Chartered Governance Institute UK & Ireland welcomes the Government’s review but says simpler requirements must continue to give shareholders and other users meaningful information about strategy, performance, risk and long-term value.
The consultation proposes significant reforms to financial reporting, strategic reporting, corporate governance reporting, remuneration reporting and digital communications, with the aim of creating a simpler, more proportionate, and future-focused system.
Peter Swabey, Policy & Research Director at the Chartered Governance Institute UK & Ireland said:
"This consultation provides an important opportunity to review whether the UK's corporate reporting framework remains clear, coherent and fit for purpose in a rapidly changing business environment. We support the Government's ambition to simplify reporting requirements where they have become unnecessarily complex or duplicative. A well-designed reporting framework should deliver meaningful information to its users while avoiding unnecessary burden on companies.
The consultation raises important questions about the purpose of corporate reporting, the balance between transparency and proportionality, and the role of governance reporting in supporting effective stewardship, accountability, and investor confidence. Corporate reporting is not simply a compliance exercise. It enables boards to explain strategy, performance, risk, and long-term value creation. It provides the transparency that supports trust in business and confidence in capital markets and any reforms must preserve those outcomes.
We welcome the focus on modernisation, particularly the proposals relating to digital reporting, digital communications and shareholder engagement. The framework should reflect how companies, investors and other stakeholders access and use information today, while maintaining the standards that underpin confidence in UK corporate governance.
We are particularly interested in the proposals affecting strategic reporting, corporate governance reporting, and remuneration reporting. These disclosures play an important role in helping boards demonstrate how they exercise oversight, manage risk, and create sustainable long-term value.
As the professional body for governance, we look forward to engaging with the consultation and working with government, regulators, companies and investors to ensure that the UK's reporting framework remains proportionate, internationally competitive and underpinned by the principles of good governance."
The Institute will review the proposals in detail and collect member feedback in order to contribute to the consultation process before the consultation closes on 30 November. Details of our member engagement will follow in our member Technical Briefings.