Financial Reporting Council Independent Review: Trade Unions

Department for Business, Energy and Industrial Strategy written question – answered on 3rd July 2018.

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Photo of Rebecca Long-Bailey Rebecca Long-Bailey Shadow Secretary of State for Business, Energy and Industrial Strategy, Member, Labour Party National Executive Committee

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether trade unions will be consulted as part of the independent review of the Financial Reporting Council.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Sir John Kingman is conducting the review independently of my Department. I am therefore unable to speak for the review directly. However, I understand Sir John Kingman met the Financial Reporting Council (FRC) Stakeholder Advisory Panel on 26 June 2018, which included representatives from the Trades Union Congress (TUC).

On 6 June 2018, the independent Review of the FRC published a public call for evidence, inviting views and information from those affected by the FRC’s functions and effectiveness. Sir John Kingman would welcome responses to the call for evidence from a wide range of stakeholders, including interested trade unions, before 6 August. The Review Secretariat can be contacted at FRCReview@BEIS.gov.uk.

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