
"The emphasis of the new code is on encouraging changes in the behaviour of boards."
The Financial Reporting Council (FRC) has recently published its Final Report following its review of the Combined Code (the current code), which started in March this year.
The review was originally intended to take place in 2010, but was brought forward following the economic crisis and in light of the review by Sir David Walker of corporate governance in UK banks and other financial industry entities.
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