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📣 The FRC has published the new UK Corporate Governance Code! Check out the revisions here: https://lnkd.in/dRj8yDdd In a move to promote smarter regulation, the FRC has kept changes to the Code to the minimum necessary. The new Code aims to balance underpinning trust and confidence in UK plc for investors and others while keeping burdens on businesses to the minimum. The FRC has prioritised revisions to the Code in one significant area - Internal Controls. The existing expectations in the Code will remain, with the main substantive change being Boards' declaration in their Annual Reports of how they have monitored and reviewed the company's risk management and internal control framework. Stakeholder support for good corporate governance has been a focus for the FRC. Earlier proposals for revisions related to audit committees, diversity and inclusion expectations, over-boarding provisions, and Committee Chairs’ engagement with shareholders have been dropped. The FRC's approach ensures that expectations for effective governance are targeted and proportionate, ultimately promoting trust and confidence in UK plc.