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<p>The Financial Reporting Council (FRC) has since December 2019 been undertaking
a transformation programme to prepare for its transition to the Audit, Reporting and
Governance Authority (ARGA). As part of this, the FRC has established a dedicated
stakeholder engagement team to enable more extensive engagement and dialogue with
investors, boards, auditors and other stakeholders on how the UK’s corporate governance
and stewardship frameworks can continue to improve and embed good practice. Further
details of this expanded outreach programme can be found in section 6 of the regulator’s
latest Annual Report published in July 2021:</p><p><a href="https://www.frc.org.uk/getattachment/985d9c2a-8a6d-4c8b-8172-06858edfabab/FRC-Annual-Report-and-Accounts-2020-21.pdf"
target="_blank">https://www.frc.org.uk/getattachment/985d9c2a-8a6d-4c8b-8172-06858edfabab/FRC-Annual-Report-and-Accounts-2020-21.pdf</a>.</p><p>
</p><p>The new ARGA will take forward this dialogue and partnership working in line
with new statutory objectives, as set out in the Government’s White Paper on ‘Restoring
Trust in Audit and Corporate Governance’: <a href="https://www.gov.uk/government/consultations/restoring-trust-in-audit-and-corporate-governance-proposals-on-reforms"
target="_blank">https://www.gov.uk/government/consultations/restoring-trust-in-audit-and-corporate-governance-proposals-on-reforms</a>.</p>
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