There were a number of changes made to the risk sections in the latest update of the FRC’s UK Corporate Governance Code, some of which were highlighted in the FRC’s press release on its publication . The new Code applies to accounting periods beginning on or after 1 October 2014. At the same time as publishing the Code, the FRC published Guidance on Risk Management, Internal Control and Related Financial and Business Reporting. This reflects the relevant requirements of the updated Code, and integrates and […]

Risk and the UK Corporate Governance Code

Governance Advisory Practice
We highly recommend this video to anybody interested in governance, quality and risk in the NHS. Judge Mervyn King, a long-time friend of the late Nelson Mandela, speaks with deep commitment about the responsibilities of directors in the NHS, and the courage required to take difficult decisions in times of budgetary constraint. Judge Mervyn King Mervyn Eldred King (born 22 July 1937, Johannesburg) is a South African corporate attorney, arbitrator, mediator, corporate director, commission chair, author and speaker. A former judge of the Supreme Court […]

NHS: Mervyn King on the Challenges Faced by NHS Boards