If we want our regulators to do better, we have to embrace a simple idea: regulation isn’t an obstacle to thriving free markets; it’s a vital part of them.
— James Surowiecki, "The regulation crisis," The New Yorker, 2010
I’m not a big believer in the power of more regulation to fix things. I think it can almost be more dangerous because it provides the illusion that things have been fixed without the substance.
— Bethany McLean, interviewed in Financial News, 2010

Background to the FRC's 2014 changes

This paper, from November 2014, explains the background to and context of the FRC's changes to its UK Governance Code and guidance relating to risk and internal control.

Implementing the FRC's 2014 changes

In this paper, we examine the profound differences between earlier regulation and the FRC's 2014 risk requirements – and how to implement them in practice.

On-going research on culture

To ensure firms have useful guidance on how to approach the complex issue of organisational culture, we are leading a project to understand more deeply culture and how it can – and cannot – be used.


Explaining FRC's governance changes

We are collaborating with video producers to create a series of videos explaining the new risk requirements to corporate directors.