The Institute of Directors raises alarms over the Audit, Reporting and Governance Authority remit

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The Institute of Directors (IOD) has written a letter to the Audit, Reporting and Governance Authority (ARGA) requesting a halt to proposals which would include oversight of corporate governance to ARGA’s remit. IOD argues that a harsher approach towards audit regulation would lead to a more legalistic approach of UK Corporate Governance. The IOD supports the recommendation of replacing the Financial Reporting Council with the ARGA. However, the IOD suggested that a better approach would be to establish a new commission which would monitor corporate governance, like that of Germany.

ICAEW Economia, Frances Ball,March 22nd 2019