The Department for Business and Trade (DBT) has a clear mission - to grow the economy. Our role is to help businesses invest, grow and export to create jobs and opportunities right across the country.
Company Law & Governance directorate is responsible for UK company law, corporate governance and reporting, which are core to providing a stable climate for investment and growth. This is an exciting time to join: Ministers are keen to develop policy that will improve the UK’s corporate reporting and governance framework to support long term growth and encourage responsible corporate behaviour. At the International Investment Summit Ministers announced their intention to launch a broad and ambitious consultation in 2025 to reform the UK’s non-financial reporting framework.
Key questions the team will grapple with over the next few months include: How do our reporting rules support effective decision making across the economy? Are institutional investors engaging effectively with the companies they invest in, and how does non-financial reporting support (or hinder) that engagement? Do our rules help or hinder UK competitiveness, and where is there duplication in the system? And is there a role for technology to improve and modernise the corporate reporting framework, and if so, how?
We are currently looking for grade 7 to join our team as Framework Modernisation Lead working on the Non-Financial Reporting Review.
We are a friendly, inclusive and collegiate directorate with a strong programme of learning & development – to help people learn more about the subject matter, succeed in their current roles and achieve their career potential.
We are looking for a confident policy professional who can develop innovative and forward leaning policy solutions in a technical area. The Companies Act 2006 provides an effective regulatory framework for all UK companies, from the very smallest micro company through to multinational household names. The NFR Review is looking at ways to modernise this framework so that it works better for companies, shareholders, investors and other stakeholders. Getting the framework right is key to delivering on the Government’s priority of achieving the highest growth amongst G7 countries by the end of the Parliament.
As Framework Modernisation Lead it will be your responsibility to work with stakeholders and cross-Government, including with regulators, to design and deliver innovative and effective policy ideas to improve the UK’s non-financial reporting framework. This will include looking at whether the Companies Act could be modernised to support better use of data, analytics and AI by companies and their stakeholders, and identifying what existing reporting is no longer necessary, and could be hindering UK growth. You will also consider whether the existing regulatory regimes are working effectively together or if there is scope for improvement. Overall, your role will be focused on improvements to the framework to support companies for the long term.
The immediate priority is the delivery of a high-profile White Paper in 2025 that will set out a vision for the future of non-financial reporting in the UK, where you will have considerable scope to set out policy ideas that you have led and delivered.
Key features of the role:
* Being policy lead for modernising the UK’s corporate reporting framework you will identify and develop viable policy solutions working with a range of internal and external partners.
* You will be comfortable working in a highly technical area and able to understand the existing regulatory framework to be able to effectively deliver reform, working with a range of professions including lawyers and analysts.
* Possibility of line management.
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