The Financial Reporting Council (FRC) is recruiting participants for a new investor advisory group (IAG), which will provide a regular forum for discussion and feedback on various issues, including the FRC’s strategy and plan, and new policies and standards on governance, stewardship, reporting and audit matters
The regulator is calling on asset managers, pension funds, sell-side analysts, ratings agencies, proxy advisors and sovereign wealth funds to put forward candidates as representatives of the investor community.
It expects to recruit 12 members to the new group which will meet four times per year for two hours at the FRC’s offices in London.
The IAG will provide a route for the FRC to engage with representatives from across the investment chain, and the regulator says it will help the organisation to better understand the investment community’s views of FRC effectiveness. The FRC will use the IAG as a formal way of understanding key areas of concern and emerging risks from the perspective of investors.
The group will share perspectives on key opportunities and potential areas of focus for the FRC, and provide input from the investment community on auditing, accounting and narrative reporting policy development, including proposed developments to international codes, standards and regulations as appropriate.
The deadline for nominations for membership of the group is 18 May.
Call for Nominations for the FRC Investor Advisory Group is here.
Report by Pat Sweet
