The Financial Aspects of Corporate Governance
Overview Published in December 1992, this report, also known as the Cadbury Report, provided a review of the structure and responsibilities of the board of directors along with a few recommendations in a Code of Best Practice. Moreover, it addressed a number of recommendation for auditors and the accountancy profession, finally dealing with the rights…
DetailsFRC – Guidance on the Strategic Report
Overview The guidance encourages that the information provided in annual reports should be more relevant to shareholders. With that in mind, the guidance is framed in the context of the annual report as a whole. In practice, an annual report comprises a number of components. The information contained in each of these components has different…
DetailsLiability of Non-Executive Directors: Care, Skill and Diligence
Overview This guidance note is designed to help non-executive directors avoid a range of penalties – from fines, through to disqualification and imprisonment – if they fail to carry out their various duties. Prospective non-executives are also advised to undertake their own due diligence before taking on the role, satisfying themselves that the company is…
DetailsReview of the Role and Effectiveness of Non-Executive Directors
Overview The Review further develops the UK framework of corporate governance, which commenced in earnest with the publication of the Cadbury report in 1992 and was taken forward by the Greenbury, Hampel and Turnbull reports. It forms part of a systematic re-appraisal, across leading market economies, of the adequacy of corporate governance arrangements in the…
DetailsFRC – Guidance for Boards and Board Committees
Overview The FRC issues guidance and other publications to assist boards and board committees in considering how to apply the UK Corporate Governance Code to their particular circumstances. These publications cover board effectiveness, audit committees, risk management, internal control and related financial and business reporting. Click here to find out more (more…)Prudential Regulation Authority
Overview This page contains latest news, the background and key changes to the accountability regimes for PRA regulated firms, together with links to materials and information on forms and policy development, and what’s coming up. Click here to find out more (more…)The Essential Trustee
Overview Charity trustees are the people who share the ultimate responsibility for governing a charity and directing how it is managed and run. They may be called trustees, the board, the management committee, governors, directors or something else. This guidance explains what being a trustee involves, including what trustees do, who can be a trustee…
DetailsChartered Institute of Internal Auditors
Overview The role of internal audit is to provide independent assurance that an organisation’s risk management, governance and internal control processes are operating effectively. Internal auditing is a dynamic, exciting career. It gives you unique insight in to your organisation and its strategy. Internal auditors look at the big risks and issues that the organisation…
Details