The following Corporate guidance note provides comprehensive and up to date legal information covering:
This Resource Note outlines the main provisions of Section 4 (Audit, risk and internal control) of the 2018 UK Corporate Governance Code (2018 UKCG Code) and highlights relevant third party materials, guidance, commentary and analysis, as well as our own resources, to give practical guidance on its application.
Materials covered in this Resource Note include:
the Financial Reporting Council (FRC)'s 2018 Guidance on Board Effectiveness
the FRC's 2016 Guidance on Audit Committees
the FRC's Guidance on Risk Management and Internal Control and Related Financial and Business Reporting (September 2014) (2014 Guidance)
guidance issued by the Chartered Governance Institute (previously known as ICSA: The Governance Institute) (CGI)
the 2020 United Kingdom and Ireland Proxy Voting Guidelines published by Institutional Shareholder Services (ISS)
the Stewardship Guide and Voting Guidelines 2020 published by the Pensions and Lifetime Savings Association (PLSA)
the UK Shareowner Voting Guidelines, published by Pensions Investment Research Consultants Ltd (PIRC), available for purchase from PIRC's website
the Guidelines on Viability Statements (November 2016) published by the Investment Association (IA)
the Listing Rules
Disclosure and Transparency Rules
the Companies Act 2006 (CA 2006)
The Statutory Audit Services for Large Companies Market Investigation (Mandatory Use of Competitive Tender Processes and Audit Committee Responsibilities) Order 2014 (Statutory Audit Services Order)
Directive 2014/56/EU of the European Parliament and European Council amending Directive 2006/43/EC (Statutory Audit Amending
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