Contents

Strategic Report guidance

The FRC has issued guidance designed to act as a catalyst for companies to publish more relevant narrative reports, facilitating communication and engagement with investors.

External auditor and the supervisor

A Code of Practice recently published by the FCA aims to enhance the regulatory process and contribute to high-quality external auditing by promoting an effective relationship between the auditor and supervisor in the context of particular regulated firms.

Improving board governance

The latest global survey of governance from McKinsey suggests that boards should increase their focus on risk, directors should spend more time on board work and should learn from how their peers on high-performing boards work.

Director independence Part 2

In the second part of his article David Anderson looks at translating director independence into board effectiveness.

Deconstructing Failure

Anthony Fitzsimmons and Rob Haslam consider an important new study which has analysed and classified the root causes of failure and reputational crises and proposes a new tool to tackle previously unrecognised but dangerous areas of vulnerability.

Reassessing corporate governance

Professor Colin Coulson-Thomas argues that following the concepts of good corporate governance without question can have a detrimental effect on board decision-making.