At the heart of the Financial Reporting Council's (FRC) mission is the promotion of conditions that foster investment. It is this long-term investment that enables companies to grow. Keeping regulatory burdens to a minimum is also vital in helping businesses in an era of slower economic growth.That is why the principles that underpin the UK's corporate governance codes are so important. It has been a tough job explaining the benefits of our 'comply or explain' system to policymakers in Brussels. This flexible approach enables companies to test the boundaries of best practice, ensuring there are always exemplars in the market to inspire and encourage the rest.
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