September 28, 2021
Cadwalader Corporate partner Joanna Valentine spoke about the future of UK governance as part of a panel hosted earlier this month by the Westminster Business Forum.
Moderated by Kirsty Blackman MP, and with speakers representing leading academics and practitioners in the field of governance, accounting and audit, the panelists discussed the priorities for the UK’s new regulator: the Audit, Reporting and Governance Authority (ARGA).
ARGA, which will replace the UK’s existing Financial Reporting Council, will have a much-expanded remit – though, as the panel noted, its precise parameters will be set through legislation following the July closing of a government consultation on the new powers and responsibilities of this regulator to restore and promote trust in business.
During the discussion, Valentine provided an overview of the implications of the new direct supervisory powers of this agency over directors in the performance of their audit and reporting duties. She further commented on the potential for improved director and stakeholder education and engagement inherent in these new powers.
Valentine advises domestic and international clients in a broad range of complex corporate transactions across diverse sectors. She specializes in mergers and acquisitions, including private equity transactions of all types, acquisitions and divestitures, majority, minority and consortium investments, joint ventures and shareholder arrangements, as well as other corporate finance transactions and corporate governance advice.