Companies Act becomes law, designed to ensure businesses conduct themselves properly in relation to financial information
DTI launches long-term fundamental review of core company law, led by an independent steering group
Steering group presents its final report to the Department of Trade and Industry
Government publishes response to the major recommendations
Government announces plans for reforming company law, containing three main elements, one of which is introducing a statutory Operating and Financial Review (OFR) for large companies. It follows corporate scandals such as Enron and WorldCom
Government publishes draft regulations for OFRs
OFR regulations due to become law. Will people measures be included in the regulations?