IA Webinar: Changes to the FRC’s UK Corporate Governance Code

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The IA are hosting a webinar with the FRC on July 17 to discuss the proposed changes to the UK Corporate Governance Code. Following the Government Response on Restoring Trust in Audit and Corporate Governance Green Paper last year, the FRC are consulting on limited revisions to the Code including:

• Setting out a revised framework of prudent and effective controls;
• Improving the functioning of the comply-or-explain regime;
• Revisions to reflect the responsibilities of the board and audit committee for sustainability and ESG reporting; and
• Strengthening reporting on malus and clawback arrangements.

As part of this webinar the FRC will provide members with further information on the background and reasons for the proposed reforms as well as insight into the specific proposals, with an opportunity for Q&A. This is a great opportunity to engage with the FRC on revisions to the Code, particularly in light of wider changes to the UK listings regime. 

Key topics:

• Learn about the context and background for the proposed changes to the UK Corporate Governance Code.
• Hear from the FRC on the specific proposals and their interplay with wider reforms to the UK listings regime.

Who should attend?

Members of the Stewardship, Corporate Governance, Investment Teams who consider the governance of investee companies and those responsible for a firms own governance and controls.

Mark Babington, Executive Director of Regulatory Standards, Financial Reporting Council (FRC) 

Mark Babington is the Executive Director of Regulatory Standards at the Financial Reporting Council. He leads the division responsible for the FRC technical and public policy work covering audit, corporate reporting, corporate governance and stewardship, actuarial and the FRC Lab. The division also includes all FRC's Investor and Stakeholder Engagement work. Prior to that, Mark led the FRC's UK Audit Policy programme, measures to support greater competition in the UK audit market and work to support the reform of international standard setting for auditors, by global regulatory authorities.

Before joining the FRC, Mark had a twenty-year career in audit and was a Director at the UK National Audit Office. Prior to that he was a technical advisor to a number of EU capacity-building programmes. He was also involved in the audit of the United Nations.

For five years, Mark was a member of the UK government's counter-fraud taskforce. He is a former Chairman of the International Colleges of Auditors of a number of European defence-related organisations. Mark is an Independent Governor, Board Member and Chair of the Audit and Risk Committee of the Westminster Foundation for Democracy, which is the UK public body dedicated to supporting democracy around the world.