The following Corporate practice 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 Directive)
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note deals with the relationships arising between principals, agents and third parties with whom the agent deals on the principal’s behalf. It considers the principal’s liability for its agent, agent’s authority including remedies for breach of authority, fraud and misrepresentation,
The offence of threats to killThe offence of threats to kill is an offence which can be tried in the magistrates' court or the Crown Court. The magistrates' court is likely to decline jurisdiction if there are repeated threats or a visible weapon.Elements of the offence of threats to killThe
Tipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made, the alleged offender were to be made aware of the interest in their activities so that they could take steps to cover up their misdeeds or disappear.
There are several offences of tipping-off and prejudicing an investigation that apply to the regulated sector. There is also an offence of prejudicing an investigation that applies only to the unregulated sector. Both sectors are subject to an additional offence of interfering with documents.This
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.