As mentioned in previous Technical Briefings, on 24 May, the Financial Reporting Council published its long anticipated consultation on the UK Corporate Governance Code, the intention of which is to focus on the legislative and governance reforms that the Government proposed in its May 2022 white paper “Restoring trust in audit and corporate governance”. These are designed, amongst other things, to “support the FRC’s transition into the Audit, Reporting and Governance Authority (ARGA).”

On 24 May, the Financial Reporting Council has published its long anticipated consultation on the UK Corporate Governance Code, the intention of which is to focus on the legislative and governance reforms that the Government proposed in its May 2022 white paper “Restoring trust in audit and corporate governance”.

Companies House published two stakeholder newsletters in December.

ICSA: The Chartered Governance Institute has today welcomed the Government’s response to last years’ consultation on Corporate Transparency and Register Reform, in which the Government looked at options to enhance the role of Companies House and increase the transparency of UK corporate entities.

According to a poll by ICSA: The Chartered Governance Institute and governance recruitment specialist The Core Partnership, the majority of companies are prepared for the UK to leave Europe with no trade deal in place. Some 71% of respondents, the majority of which hail from finance, commerce and industry, said that they are very prepared for a no trade deal scenario. Just 9% are not at all prepared and an additional 20% were unsure of how prepared their organisation was at the time the poll was carried out.

The Charity Commission has been working hard to make its guidance more accessible to trustees. Better governance and compliance around key areas for trustee decision-making is the prize.

With healthcare services experiencing an uptick in cyber attacks, security information and event management systems can help to detect, analyse and respond to security threats before they harm business operations.

The CMA intends to use its new powers to conduct Strategic Market Status investigations under the DMCCA

The introduction of the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”) and its “failure to prevent fraud” offence marks a significant shift in how businesses must operate to avoid legal repercussions and maintain their integrity