The Boardroom Blog

The future of narrative reporting

Thursday, October 13, 2011 | Posted by: Simon Lowe
Categories: FRC, Governance | Tags: governance, FRC, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, financial reporting, BIS, annual reports, IIRC, Ben Langford, narrative reporting

Government plans to rationalise the structure, format and content of annual reports are aimed to improve clarity for investors.

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What’s new for FDs in 2011

Friday, May 06, 2011 | Posted by: Fiona Cullinan
Categories: FRC, Governance, Thought Leadership | Tags: governance, report, FD, CFO, pensions, finance director, Bribery Act, financial reporting, anti-corruption, IFRS, guide, news, UK GAAP, iXBRL, auto-enrolment, regulatory

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Are you a finance director? Here’s a quick guide to all the new financial reporting issues and regulatory changes set to impact private and listed companies this year.

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Essentials unravelled for non-executive directors

Tuesday, April 05, 2011 | Posted by: Fiona Cullinan
Categories: FRC, Governance, Non-executive director, Thought Leadership | Tags: tax, governance, report, FRC, Board, pensions, Bribery Act, financial reporting, UK Corporate Governance Code, NEDs, NED, FRRP, iXBRL, guidance, auto-enrolment

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What issues will be topical during the current reporting cycle for private and non-listed companies? And what are their wider business concerns? Grant Thornton’s new guide helps non-executive directors (NEDs) understand the issues.

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New guidance on what makes an effective board

Tuesday, March 22, 2011 | Posted by: Fiona Cullinan
Categories: FRC, Governance | Tags: governance, FRC, Board, women, gender, UK Corporate Governance Code, diversity, succession planning, NED, guidance, chairman, Higgs, composition

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The long-awaited replacement of the Higgs Guidance was released this month. So what do you need to know?

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Six ways to improve your principal risk reporting

Wednesday, February 09, 2011 | Posted by: Fiona Cullinan
Categories: FRC, Governance, Risk | Tags: governance, risk, FRC, compliance, financial, annual report, disclosure, FRRP, business review, principal risks, reporting, directors' report

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Many companies are not being clear enough when reporting the principal risks and uncertainties facing their business, said a concerned Financial Reporting Review Panel last week. What steps can businesses take to improve compliance?

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Growing clash between front-end spin and back-end data in annual reports, says FRRP

Thursday, August 26, 2010 | Posted by: Fiona Cullinan
Categories: FRC, Governance, Risk | Tags: governance, risk, FRC, Simon Lowe, financial reporting, FRRP, audit, accounts, internal, external

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Inconsistencies in annual reports between the corporate narrative and the external audit figures are becoming more of a focus for the Financial Reporting Review Panel (FRRP). The problem was highlighted in its annual report, out last week: of the 308 companies reviewed, 146 had been approached by the FRRP for further information or explanation.

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Boards need to improve their decision making process - have your say

Friday, August 06, 2010 | Posted by: Grant Thornton
Categories: FRC, Governance | Tags: governance, FRC, Corporate Governance, Simon Lowe, Board, UK Corporate Governance Code, NED, ICSA, Financial Reporting Council

A well designed decision making process is one of the most important characteristics of an effective board.  As such boards should not allow themselves to be influenced by a dominant personality or have “no go” areas for non-executives.

Ask yourself - is such a situation familiar to you?

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