FRC invites views on the impact of the 2003 Combined Code

The Financial Reporting Council today issued a call for evidence as part of its review of progress in implementing the 2003 version of the Combined Code on Corporate Governance.

The FRC is inviting views on issues such as the overall quality and level of dialogue between boards and investors, whether ‘comply or explain’ is working successfully, and whether companies have experienced any practical difficulties in attempting to implement the new requirements in the Combined Code. Views are sought from listed companies, directors, investors and other interested parties.

Announcing the call for evidence Sir Bryan Nicholson GBE, chairman of the Financial Reporting Council, said:

“Listed companies are reporting for the first time this year on how they are applying the 2003 version of the Combined Code, so it is appropriate to look at how they are doing so and whether any practical issues have emerged in implementing the Code.

See full Press Release.