The UK Financial Reporting Council (FRC) announced important revisions to the Corporate Governance Code to enhance transparency and help support the growth and competitiveness of the UK, a news release said. This significant move from the regulator aims to promote smarter regulation by keeping changes minimal.
The well-established principle of boards having the flexibility to "comply or explain" will remain, the release said. The regulator encouraged boards, investors, and their advisers to actively support the flexibility within the "comply or