The Financial Reporting Council (FRC) has published a thematic review on the use of alternative performance measures (APMs) by UK listed companies. It says that companies need to be more transparent about their use, and linkage to their IFRS or UK GAAP results. APMs are financial measures that are not required as part of an issuer’s reporting … Read more

The Financial Reporting Lab of the Financial Reporting Council (FRC) has published a thematic review of companies’ viability and going concern disclosures, highlighting areas for improvement and offering examples of best practice. The review follows the FRC’s previous reports on going concern, risk and viability issues published in June 2020 (see our blog post here) and October 2020 … Read more

The Financial Reporting Lab of the Financial Reporting Council (FRC) has published a report on risks, uncertainties, opportunities and scenarios and the FRC has published a thematic review on streamlined energy and carbon reporting.  Risks, uncertainties, opportunities and scenarios The Lab report on risks, uncertainties, opportunities and scenarios sets out investors’ expectations in relation to reporting in these … Read more

The Financial Conduct Authority (FCA) has published a consultation paper (CP21/24) on proposals to require premium and standard listed companies to make disclosures in relation to gender and ethnic diversity at board and executive management level. The consultation follows the publication earlier this year of the five year summary report of the Hampton-Alexander Review on … Read more

The Financial Reporting Council’s Financial Reporting Lab has published a Report on stakeholders, decisions and Section 172 statements. The report sets out investors’ expectations in relation to disclosures on stakeholders and the impact of decisions on them and gives best practice examples. The requirement for companies to report on how directors have had regard to the matters … Read more

We have published our half-yearly update briefing which summarises the major developments in UK corporate law and regulation that have occurred over the last six months, that is from January to June 2021, and which are of relevance to UK listed companies. The briefing is available here. Read more

Glass Lewis has published a paper setting out its views on Say on Climate votes. The paper notes that “Say On Climate” votes, where listed company shareholders are given the opportunity to vote on climate-related proposals, are becoming an increasingly important part of the 2021 annual general meeting season. Both boards and shareholders are putting … Read more

The Department for Business, Energy and Industrial Strategy (BEIS) has launched a consultation on mandatory climate-related disclosures by publicly quoted companies, large private companies and limited liability partnerships (LLPs). Context of the proposed mandatory disclosure requirements The UK Government aims under its 2019 Green Finance Strategy for all listed companies and large asset owners to … Read more