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While much of the discussion of this measure gets mired in the capital asset pricing model, and the supposed adequacies and inadequacies of beta, I think that too much is made of it, and that the model is adaptable enough to allow for other measures of relative risk. Corporate Default Risk , i.e,
The principles-based document outlines three priorities that will be pilot tested before the release of the final TNFD recommendations in late 2025. The FRC consultation is open until February 19, 2025. The FRC report emphasizes the importance of the UK Corporate Governance Codes comply or explain approach.
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