On 17 December 2010 the FRC published the paper “Draft Plan and Levy Proposals 2011 -12”. The paper identified four major outcomes:
- Stronger and better-informed engagement between institutional investors and company boards
- Corporate reporting and auditing that deliver greater value to investors and better serve public interest
- A strong UK voice in the EU and international debate on the future regulation of corporate governance, reporting and auditing
- A more effective UK regulatory framework that adds value for investors and other stakeholders at low incremental cost
The proposals will be finalised in May of this year so that they can incorporate responses to the consultation paper and any outcome from the Government’s reform of the FRC.