When Financial News' FN100 regular Baroness Sarah Hogg stood down from her role as chairman of 3i Group early last year few would have expected her profile to keep on rising. But as the chairman of the Financial Reporting Council, the UK’s corporate governance watchdog, she keeps on hitting the headlines.

This month she set out plans to reform the FRC, which consists of an amalgamation of bodies that regulate auditors, actuaries and accountants, as well as overseeing the UK's corporate governance code, which sets standards for publicly-listed firms on matters of executive pay and shareholder rights. She said it "consists of seven bodies to do just one core job".