Taking Stock 

Conduct unbecoming

Mark Robinson

Conduct unbecoming

There was a mixed reaction to the provisions under Financial Reporting Council’s (FRC) revamped UK Corporate Governance Code, the details of which were released earlier this week – although even ‘mixed’ might be a little charitable. Neville White, head of SRI policy and research at EdenTree Investment Management said it “appears to offer little in the way of significant reform and may add to the tide of criticism against the FRC as being too timid”. Sir Win Bischoff, chairman of the FRC, believes the Code’s “overarching theme of trust, is paramount in promoting transparency and integrity in business for society as a whole”; that's a noble sentiment, but there’s a distinct difference between promoting transparency and legislating to ensure it.

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