A group of just under 80 general counsel and other legal executives have signed a letter to the Financial Reporting Council (FRC), urging it to recognise and formalise the role of general counsel in the proposed overhaul of the U.K. Governance Code.
The FRC, which regulates auditors in the U.K., launched a consultation in May to overhaul the country’s Corporate Governance Code in the aim of “improv[ing] accountability” among directors and board members.
