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<p>The UK Corporate Governance Code is the responsibility of the Financial Reporting
Council. It is the responsibility of investors to assess the quality of reporting
and engage with companies accordingly.</p><p> </p><p>The 2018 Code is a substantial
revision and comes into force for accounting periods beginning on or after 1 January
2019. Reporting against the revised Code will therefore not be required until 2020
when companies publish their annual reports and accounts for the preceding year. However,
the FRC intends to evaluate the extent of early adoption of the new Code in terms
of reporting on the application of its Principles and compliance or otherwise with
its Provisions and to publish its findings at the end of 2019.</p><p> </p><p>The FRC
is the subject of an independent review being led by Sir John Kingman which is expected
to report before the end of the year.</p><p> </p>
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