The Financial Reporting Council (FRC) is responsible for promoting transparency and integrity in business. We are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about the role of the FRC can be found at www.frc.org.uk.
The Corporate Governance and Stewardship team is responsible for developing, maintaining and promoting the UK Corporate Governance Code, the Wates Corporate Governance Principles for Large Private Companies and the UK Stewardship Code. The first two set out best practice standards by which companies are directed and controlled to support long-term success to achieve benefits for investors and wider society. The UK Stewardship Code promotes the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.
Companies and investors demonstrate their commitment to corporate governance and stewardship by publicly reporting on their application of the Principles of these Codes.
The new UK Corporate Governance Code was reviewed in in 2018 and listed companies began reporting against it during 2020. For the first time the team will be commenting on the effectiveness of reporting against the principles and provisions of the Code.
This role is part of a growing team developing the FRC’s approach to corporate governance and stewardship monitoring, assessment and obtaining evidence to support policy development.
The role involves:
- Leading the analysis of reporting against the UK Corporate Governance Code and the production of the FRC annual report on UK corporate governance. Ensuring that the monitoring process is robust and sets a high standard for promoting good practice.
- Identifying good and poor examples of reporting to support the development of corporate governance policy both for the FRC and other policy makers.
- Taking the lead on specific projects to support improvements in governance in the UK. These projects will be taken forward in those areas where the monitoring exercise identified poor quality of reporting or areas for improvement.
- Creating materials to support reporting against the UK Corporate Governance Code, including web content, articles, Q&A, podcasts etc.
- Deputising for and supporting senior colleagues in meetings, presentations and at events with a variety of stakeholders of differing levels of seniority.
- Where appropriate supporting senior managers on transformational projects within the team and wider FRC.
- Supporting the Head of Corporate Governance promoting the Wates Principles and identifying ways to encourage improvements in reporting governance for private companies.
- Monitoring and reporting on progress towards meeting KPIs for the team.
- Supervising and supporting the day to day work of junior colleagues.
- Working on cross organisational initiatives such as climate change and narrative reporting.
- The ideal candidate will have:
- A degree level qualification, relevant qualification, and/or have gained relevant experience in business, governance or investment environment.
- The ability to engage credibly and confidently with senior stakeholders and communicate key information and FRC policy positions.
- The ability to communicate findings of analysis accurately and succinctly both in writing and orally and make recommendations where appropriate.
- The ability to determine priorities and effectively manage their workload and supervise the day to day work of more junior colleagues.
- An understanding of the UK corporate governance framework, including how different policy levers are used to achieve objectives and the interaction between government, regulators and advisors.
Rewards and benefits
- The FRC offers competitive remuneration packages, including 30 days annual leave plus ability to buy extra leave.
- Generous employer pension contribution of 10%.
- Staff Employee Assistance Programme including confidential counselling and work life services.
- Values in Practice Scheme, rewarding performance against our values and behaviours.
- The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
- The FRC has a strong work/life balance ethos.