Structure overview

Published: 3 October 2023

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Board

The FRC is governed by its Board. The Chair and all Board members are appointed by the Department for Business and Trade (DBT). Read more information about the FRC's Board.

Following consultations in 2020, the Board agreed amendments to the FRC's governance structure to enhance the effectiveness, speed and responsiveness of the organisation, while providing clearer lines of accountability and empowering the Executive through the establishment of Board Committees populated solely by Board members. An Advisory Panel and group of Senior Advisors were established to replace the Advisory Councils, Audit Quality Review Committee, Corporate Reporting Review Committee, Case Management Committee and Financial Reporting Review Panel. Relevant procedures were amended to reflect these structural changes.

The Board discharges some of its responsibilities directly and others through its two governance Committees and three regulatory Committees. The three regulatory committees are supported by Senior Advisors.

• FRC Board

Executive Committee

The Executive Committee manages the day to day operations of the FRC, including resources, policies and programmes.

• Learn more about the Executive Committee

Governance Committees

• Audit & Risk Committee
• People Committee

Regulatory Committees

• Conduct Committee
• Regulatory Standards & Codes Committee
• Supervision Committee

Advisory Groups

• Senior Advisors
• Advisory Panel
• Stakeholder Insight Group

Panels and Committees maintained pursuant to the FRC's enforcement procedures

• Appointment Committee (who appoint members to the Tribunal Panel)
• Tribunal Panel
• Enforcement Committee Panel