The corporate reporting watchdog is to focus on promoting greater engagement between institutional investors and company boards.

The priorities of the Financial Reporting Council (FRF), published this week, point to an organisation seeking to push corporate reporting and auditing in order to provide greater value to investors over the next 12 months.

In addition, the FRC plans to deliver a strong voice in the UK and EU on governance and auditing matters while improving the regulatory framework. This is in the hope of providing an improved value to investors and stakeholders at a lower cost.

Baroness Hogg, chairman of the FRC, stated: "In 2011, the European Commission will develop its proposals on the future of audit and corporate governance and it is vital that the FRC is involved in those debates to ensure that the UK voice is heard.”