In March 2004 the FRC set up a new committee to lead its work on corporate governance. The committee's terms of reference are:
- To keep under review developments in corporate governance generally, reflecting the FRC's objective of fostering high standards of corporate governance; to undertake reviews, either directly or by overseeing the work of others, and then to consider whether any actions by the FRC would be desirable; and to put proposals to the Board where appropriate.
- To monitor the operation of the UK Corporate Governance Code and its implementation by listed companies and by shareholders.
- Where significant doubts are raised about the appropriate interpretation of part of the Code, to consider the case for issuing a clarification, and if appropriate to do so, after any suitable consultation.
The members of the committee are:
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Chair
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Sir John Sunderland
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Non-Executive Director, FRC
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Peter Chambers
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Non-Executive Director, FRC
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Stephen Haddrill |
Chief Executive, FRC
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Baroness Hogg
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Chairman, FRC
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Rudy Markham
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Non-Executive Director, FRC
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Sir Steve Robson |
Non-Executive Director, FRC
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Lindsay Tomlinson
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Non-Executive Director, FRC
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| Secretary |
Chris Hodge |
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