Four-fifths of FTSE 350 company boards have less time to focus on strategy because of increased corporate reporting requirements, according to a new survey.
The findings from Chartered Governance Institute UK & Ireland’s Boardroom Bellwether survey, comes as the UK government and regulators press ahead with reforms designed to reinvigorate the London stock market while attempting to preserve the City’s reputation for high standards of corporate governance.
The survey of FTSE 350 company secretaries, due to be published on Tuesday, found that almost a quarter believed increased reporting requirements were reducing the time available for boards to hold strategic discussions “to a large extent”.
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