In July of this year, UKSA and ShareSoc members received an email inviting them to participate in a survey being run by the Financial Reporting Council (FRC). The survey was part of a wider study being carried out by the FRC into Risk and Viability Reporting. Over 190 members responded which was an excellent result. The FRC agreed that it would provide feedback for members on the results of the survey. This article from Patrick Leach at the FRC summarises the findings.
Those who attended the event that the FRC ran for us on 21st November, ‘Lifting the Lid on the FRC’, will be aware that the hand-out notes at the event contained a slide giving very brief headline comments on the results of the survey. This article provides more comprehensive feedback which can also be read by those who were unable to attend the event.
One of the outcomes of the ‘Lifting the Lid on the FRC’ event was that it made clear just how much the FRC values and wishes to encourage involvement from private investors in the work that it does. I shall be looking at ways in which we can make it easier for this to happen in future by ensuring that those who have an interest in any subject being investigated by the FRC know that it is going on and know how they can participate. The aim will also be to ensure that member input is properly coordinated.
A full report on the Risk and Viability Reporting project should be published shortly on the FRC’s website. The draft report has already been circulated to the participating organisations for comment.