Difference between revisions of "Financial Reporting Council"

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The '''Financial Reporting Council''' (FRC) is the UK’s independent regulator responsible for promoting confidence in corporate reporting and governance. Its functions are exercised principally by its operating bodies (the Accounting Standards Board, the Auditing Practices Board, the Board for Actuarial Standards, the Financial Reporting Review Panel, the Professional Oversight Board and the Accountancy and Actuarial Discipline Board) and by the FRC Board. The Committee on Corporate Governance assists the Board in its work on Corporate Governance. <ref name="FRC"> [http://www.frc.org.uk/press/pub2265.html FRC announces appointment of Peter Montagnon as Senior Investment Advisor], 21 April 2010, accessed 15 May 2012 </ref>
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The '''Financial Reporting Council''' (FRC) is the UK’s independent regulator responsible and standard-setter responsible for corporate governance and financial reporting as well as the audit, accounting and actuarial professions.  
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==Background==
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The FRC's functions are exercised principally by its operating bodies (the Accounting Standards Board, the Auditing Practices Board, the Board for Actuarial Standards, the Financial Reporting Review Panel, the Professional Oversight Board and the Accountancy and Actuarial Discipline Board) and by the FRC Board. The Committee on Corporate Governance assists the Board in its work on Corporate Governance. <ref name="FRC"> [http://www.frc.org.uk/press/pub2265.html FRC announces appointment of Peter Montagnon as Senior Investment Advisor], 21 April 2010, accessed 15 May 2012 </ref>
  
 
==People==
 
==People==
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====Chair====
 
====Chair====
*[[Baroness Hogg]] - Chair since May 2010. She is Senior Independent Director of [[BG Group]] plc, Lead Independent Director of [[HM Treasury]], a Director of the [[John Lewis Partnership]] and [[Chairman of Frontier Economics]], a Member of the [[Takeover Panel]], Senior Advisor to the [[Financial Services Authority]] and a member of the Prime Minister's [[Business Ambassador Network]]. <ref> FRC, [http://www.frc.org.uk/about/board.cfm Board], accessed 15 May 2012 </ref>
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*[[Sarah Hogg|Baroness Hogg]] - Chair since May 2010. She is Senior Independent Director of [[BG Group]] plc, Lead Independent Director of [[HM Treasury]], a Director of the [[John Lewis Partnership]] and Chairman of [[Frontier Economics]], a Member of the [[Takeover Panel]], Senior Advisor to the [[Financial Services Authority]] and a member of the Prime Minister's [[Business Ambassador Network]]. <ref> FRC, [http://www.frc.org.uk/about/board.cfm Board], accessed 15 May 2012 </ref>
 
*Sir [[Christopher Hogg]] Past Chair
 
*Sir [[Christopher Hogg]] Past Chair
  
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====Chief Executive====
 
====Chief Executive====
*[[Paul Doyle]]
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*[[Stephen Haddrill]], since November 2009 when he left his role as Director General of the [[ABI]]. Replaced [[Paul Doyle]].
  
 
====Staff====
 
====Staff====
*[[Peter Montagnon]] - Senior Investment Advisor. Joined in April 2010 the FRC from the [[Association of British Insurers]], where he was Director of Investment Affairs. Prior to joining the ABI in 2000, Peter worked at the Financial Times, where his assignments included a spell as Head of Lex. He is a member of the [[European Corporate Governance Forum]], a past Chairman of the [[International Corporate Governance Network]] and a visiting professor at the [[Cass Business School]].<ref name="FRC"/>  
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*[[Peter Montagnon]] - Senior Investment Advisor. Joined in April 2010 from the [[Association of British Insurers]], where he was Director of Investment Affairs. Prior to joining the ABI in 2000, Peter worked at the Financial Times, where his assignments included a spell as Head of Lex. He is a member of the [[European Corporate Governance Forum]], a past Chairman of the [[International Corporate Governance Network]] and a visiting professor at the [[Cass Business School]].<ref name="FRC"/>  
 
*[[Jon Hooper]] - press
 
*[[Jon Hooper]] - press
**[[Chris Hodge]] - Head of Corporate Governance
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*[[Chris Hodge]] - Head of Corporate Governance
 
 
  
 
====Council Members====
 
====Council Members====
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==Lobbyists==
 
==Lobbyists==
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===External===
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====Former====
 
*[[Quiller Consultants]]
 
*[[Quiller Consultants]]
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*[[Cicero Consulting]], until August 2014<ref> [http://www.appc.org.uk/members/register/register-profile/?company=Cicero%20Group Register 1st June 2014 - 31st August 2014] ''APPC'', accessed 29 January 2014 </ref>
  
 
===Internal===
 
===Internal===
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==Notes==
 
==Notes==
 
<references/>
 
<references/>
[[Category:Financial sector lobbying]]
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[[Category:Financial sector lobbying]][[Category:Revolving Door]]

Latest revision as of 17:46, 29 January 2015

The Financial Reporting Council (FRC) is the UK’s independent regulator responsible and standard-setter responsible for corporate governance and financial reporting as well as the audit, accounting and actuarial professions.

Background

The FRC's functions are exercised principally by its operating bodies (the Accounting Standards Board, the Auditing Practices Board, the Board for Actuarial Standards, the Financial Reporting Review Panel, the Professional Oversight Board and the Accountancy and Actuarial Discipline Board) and by the FRC Board. The Committee on Corporate Governance assists the Board in its work on Corporate Governance. [1]

People

FRC Council

The membership of the Council includes wide and balanced representation at the highest levels from the business, investor, professional and other communities interested in corporate reporting and governance.

Chair

Deputy Chair

Chief Executive

Staff

Council Members

Ian Mackintosh (ex-officio) * Chair, Accounting Standards Board

Observers

Richard Dyson * Deputy Chairman, CCAB, Deputy President ICAEW Dr Clive Grace * CCAB, CIPFA representative Mary Keegan * Managing Director, Government Financial Management at HM Treasury

Secretary

Lobbyists

External

Former

Internal

Notes

  1. 1.0 1.1 FRC announces appointment of Peter Montagnon as Senior Investment Advisor, 21 April 2010, accessed 15 May 2012
  2. FRC, Board, accessed 15 May 2012
  3. Register 1st June 2014 - 31st August 2014 APPC, accessed 29 January 2014