Governance codes, policies & guidance
Listed below are links to various codes, polices and guidance relating to corporate governance.
The Code of Practice for Corporate Governance Assessment in Ireland
The National Standards Authority Of Ireland have now released The Code of Practice for Corporate Governance Assessment in Ireland. The primary objective of this document is to faciliate external assessment of Corporate Governance performance, enable companies to benchmark their performance and provide a framework of assessment of compliance with relevant codes.
Please click here for The Code of Practice for Corporate Governance Assessment in Ireland.
The UK Corporate Governance Code
The UK Corporate Governance Code sets out standards of good practice in relation to issues such as board composition and development, remuneration, accountability and audit and relations with shareholders.
Click here for the The UK Corporate Governance Code.
FRC: Guidance on Board Effectiveness (replaces the Higgs Guidance)
Click here to scroll down to the bottom of the page and access the document
Click here for the Higgs Report
The Turnbull guidance on internal control
The Turnbull guidance sets out best practice on internal control for UK listed companies, and assists them in applying section C.2 of the Combined Code.
The Turnbull guidance was originally published in 1999. In July 2004 the FRC set up a group chaired by Douglas Flint (Group Finance Director, HSBC Holdings plc) to review the guidance and update it where necessary, in the light of experience in implementing the guidance and developments in the UK and internationally since 1999. Following the review the FRC published updated guidance in October 2005.
Click here for the Turnbull guidance
FRC guidance on audit committees (previously known as the Smith Guidance)
This guidance is designed to assist company boards in making suitable arrangements for their audit committees, and to assist directors serving on audit committees in carrying out their role.
Click here for the guidance
FRC: going concern and financial reporting
Walker Review of Corporate Governance of UK Banking Industry
ABI guidelines
NAPF’s Corporate Governance Policy
Institute of Internal Auditors UK and Ireland (IIA)
Over the years, the IIA has created numerous pieces of guidance on internal auditing.
IIA - UK and Ireland Position Statements
Accounting Standards Board
Reporting Statement: Operating and Financial Review