Governance watchdog faces embarrassment over chairman delay

The UK's corporate governance watchdog is facing fresh embarrassment over its own leadership amid a failure in Whitehall to rubber-stamp the appointment of its next chairman.Sky News has learnt that a plan to name Keith Skeoch as interim chair of the Financial Reporting Council (FRC) has been delayed despite having been signed off by Alok Sharma, the business secretary.Government sources said the appointment of Mr Skeoch, who had served as a non-executive director of the FRC for more than eight