Board Effectiveness Review
The contract covers an externally facilitated Board Effectiveness Review for The Financial Reporting Council Limited (FRC), the UK regulator for auditors, accountants and actuaries and the body responsible for the UK Corporate Governance and Stewardship Codes. The appointed provider must act as an experienced, independent external reviewer and assess the FRC Board, its Committees and wider governance arrangements. The review is expected to consider the Board’s strategic leadership, oversight of risk and controls, financial and human resources, management performance, values, culture and fulfilment of obligations to stakeholders, reflecting the UK Corporate Governance Code’s expectation of periodic external reviews. The estimated contract value is £75,000, although no contract duration or completion timeframe is stated. Delivery is required across the United Kingdom, including the regions coded UKG31 and UKI. The critical qualification is demonstrable experience and independence in conducting external Board effectiveness reviews.
Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED. Source: Find a Tender. Updated 28 Sept 2026.
Key facts
- Estimated value: £75k
- Bids close: 23 Oct 2026
- Location: Birmingham, London, Tower Hamlets
- Procedure: Below threshold - open competition
- Contract period: 7 Dec 2026 to 21 May 2027
- Category: Business analysis consultancy services (72221000)
From the official notice
BACKGROUND The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. The FRC's core objectives are to promote high-quality corporate governance and reporting, support effective audit and actuarial work, hold relevant parties to account through proportionate supervision and enforcement, and contribute to well-functioning UK capital markets in the public interest. PROJECT REQUIREMENTS The Board of the Financial Reporting Council (FRC) is made up of non-executive and executive directors and is collectively responsible for the long-term success of the FRC. All Board Members, including the CEO and Chair, are appointed by the Secretary of State for Business, Innovation, Science and Trade. The Board's role is to provide strategic leadership of the FRC within a framework of prudent and effective controls which enables risk to be assessed and managed. The Board sets the FRC's strategic aims, ensures that the necessary financial and human resources are in place for the FRC to meet its objectives and reviews management performance. The Board also sets the FRC's values and culture and ensures tha...
View the official notice
Questions about this tender
When is the deadline?
Bids close on 23 Oct 2026.
What is it worth?
The estimated value is £75k.
Who can apply?
The buyer has marked it as suitable for small and medium-sized businesses.
How do I bid?
Open the official notice, register on the buyer's portal and submit your bid before the deadline.
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