FRC strengthens corporate governance and stewardship team

The Financial Reporting Council’s (FRC) Corporate Governance and Stewardship Team has been strengthened with two new senior management positions.

Maureen Beresford has been appointed as head of corporate governance and Claudia Chapman as head of stewardship.

The FRC said additional policy and reporting associates have also been recruited. It added that enlargement of the team will also mean that the regulator will be better able to work with a widening range of stakeholders to develop corporate governance and stewardship policy and guidance.

The FRC’s Corporate Governance and Stewardship team is currently monitoring corporate governance and AGM reporting and practices, and in the summer will publish its initial assessment of good practice amid the Covid-19 pandemic.

This will be followed by the annual review of corporate governance later in the year, which will focus on evaluating the quality of reporting and practice on the main areas of change to the UK Corporate Governance Code.

The watchdog said: “The FRC will continue its outreach to stakeholders on the Stewardship Code to establish expectations for high quality reporting next year. The deadline for receiving stewardship reports remains 31 March 2021.”