FRC updates new website and Mission Statement

30 Aug 2017 11:20 AM

The FRC has today launched its new website with a fresh design and more accessible functionality for stakeholders and has refreshed its mission in line with its work in the public interest to promote transparency and integrity in business.

The new website has been designed following extensive feedback from stakeholders. It places its stakeholders in control of the navigation by presenting reports and information relevant to their needs right up front.

The FRC’s mission recognises that investor confidence flows from trust in business. Successful and sustainable businesses support society by providing jobs, contributing to economic growth and helping to create prosperity in the UK.

Speaking on the new website and mission, Stephen Haddrill said,

“We are proud to introduce our new website which, with its modern design and capabilities, can be navigated in a more efficient, targeted manner. It is a more flexible platform and is firmly focussed on the needs of all our stakeholders.

Our refreshed Mission is a concise articulation of what we strive for as an organisation and recognises how our work on corporate governance and reporting combines to meet the needs of users, preparers and the wider community within which business operates.

“Transparency” makes a connection with the wish for more information from business, which also encompasses our actuarial work. “Integrity” aligns better with the governance outcome we seek through our work on culture and the role of leadership, both in the corporate sector and with the audit firms.

Integrity is core to the professions we regulate and oversee. In a post-Brexit society, trust in business and the profession can only be achieved if they conduct themselves with transparency and are guided by integrity.”

Notes to editors:

The Financial Reporting Council (FRC) is the UK’s independent regulator responsible for promoting transparency and integrity in business. The FRC sets the UK Corporate Governance and Stewardship Codes and UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. As the Competent Authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality.