The Financial Reporting Council (FRC) has published its Annual Report for 2009/10, which shows how, in partnership with its stakeholders, the FRC has responded proactively to the financial crisis. The report is available to download at
http://www.frc.org.uk/about/annual.cfm. The FRC today also introduces its new mission statement, “to promote high quality corporate governance and reporting to foster investment”. The new statement reinforces the FRC’s strategy which aims to ensure its work leads to tangible benefits for investors and to improvement in the relationship between company boards and investors.