In accordance with the FRC Codes and Standards: procedures, any proposal to issue,
amend or withdraw a code or standard is put to the FRC Board with the full advice of the
relevant Councils and/or the Codes & Standards Committee. Ordinarily, the FRC Board
will only reject the advice put to it where:
. it is apparent that a significant group of stakeholders has not been adequately
consulted;
. the necessary assessment of the impact of the proposal has not been completed,
including an analysis of costs and benefits;
. insufficient consideration has been given to the timing or cost of implementation; or
. the cumulative impact of a number of proposals would make the adoption of an
otherwise satisfactory proposal inappropriate.