Contents

Corporate governance and shareholder engagement

‘Corporate governance reporting by companies should focus more on the application of the Principles of the UK Corporate Governance Code, rather than just compliance with provisions,’ according to a new report by the Association of British Insurers.

Reporting and audit in the UK

New legislation has been introduced in the UK to simplify corporate reporting and the FCA has introduced guidance to encourage an effective relationship between the auditor and supervisor in the context of particular regulated firms.

The state of internal audit world-wide

Internal audit practitioners globally are bearing the brunt of a quickly changing regulatory landscape, particularly in financial services, according to a new report by Thomson Reuters Accelus.

New audit report disclosures

Lawrence Reed takes a look at some potential impacts of new disclosures set out in the FRC’s revision to ISA 700.

Responsibility and the culture of challenge

Stilpon Nestor sends a letter from the trenches, arguing that individual responsibility should be the cornerstone of every board process.

Reflections on board review Part 2

In this second of a two part article, Alison Gill and James Bagge continue to share their experience of the six most common challenges to the effectiveness of a board based on their recent experience of reviewing boards.

Director independence

David Anderson looks at the real value of director independence, three different aspects of independence, and the pros and cons of those aspects on effective boards.