Financial Regulatory Developments 19 September - Financial Reporting Council (FRC)

FRC updates corporate governance code: The FRC has issued an updated version of the Corporate Governance Code. The updated version will apply to reporting periods starting on or after 1 October 2014. The changes include those on:

• going concern, risk management and internal control;
• remuneration; and
• shareholder engagement.

(Source: FRC Updates Corporate Governance Code)