An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout.
Benefits of joining this specialist network for corporate governance professionals.
This briefing examines the factors that influence the advice executive remuneration consultants provide to their clients. Based on insights from interviews with consultants, the briefing identifies the key factors influencing their advice and their client relationships.
A blog post highlighting the areas that audit Committees should be probing for the impact of brexit. The article highlights some of the risks, controls and governance issues that should be considered.
A six page briefing on the questions for management following the decision to leave the European Union, focusing on the role of internal audit to support management and provide reassurance to the audit committee.
Angela Crawford-Ingle, Chair of Audit & Risk Committees at Beazley plc, Swinton Insurance and River and Mercantile Group, and Tim Copnell, Founding Chairman of KPMG’s UK Audit Committee Institute share best practice in leading an effective Audit Committee.
Helpsheet explaining how audit committees should assess whether their policy for pre-approval of non-audit services (NAS) complies with the FRC revised Guidance on Audit Committees, given in the FRC Ethical Standard (2016).
Having a trustworthy whistleblowing process in place has become increasingly important as more and more high profile whistleblowers come to prominence in the media.
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout. Chapter 8 of the handbook covers Financial reporting, auditing and the audit committee and contains Model terms of reference for audit committee and Checklist for the audit committee.
Practical guide updated by the FRC in 2017 with case studies outlining how companies have approached the tendering process. Includes the following sections: Why tender?; Timing of a tender; Understanding your objectives; Selecting firms to involve; Running the tender; Making the decision; Transition.
The changes to auditor independence requirements resulting from the new European audit Regulation and Directive
Provides an explanation of the statutory rules on auditor appointment, the termination of the old auditor’s appointment, and professional and contractual matters.
Mala Shah-Coulon, Executive Director of Corporate Governance at EY and Lisa Lyons, Principal at Mercer discuss succession planning at board and executive level.
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout. Chapter 6 of the handbook covers the role and work of the nomination committee and contains a Checklist for the nomination committee.
Published by the FRC in July 2018, the revised Guidance on board effectiveness looks at the role of the nomination committee in section 3 Composition, succession and evaluation.
Should boards shape strategy before they appoint a new chief executive to execute it? Some non-executives give their views.
Fifth edition of the report by the Deloitte Global Centre for Corporate Governance, first published in January 2011 and last updated in May 2017, giving an overview of current initiatives around the world, both legal and regulatory, to increase the number of women serving on corporate boards.
Nearly six months have gone by since Theresa May outlined her vision of an economy which works for everyone and since then a great deal has happened on corporate reform issues.
Calls for improvements in the detail and comparability of diversity disclosures are getting louder. Research suggests that greater executive-level commitment to public targets is needed, writes Dawn Cowie.
Deloitte guidance document on the board evaluation process with 'points to ponder' checklist.
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout. Chapter 10 looks at the induction, professional development, performance and evaluation of directors. Includes 'Checklist for evaluating board performance' and 'Checklist for evaluating personal performance'
Boards are powerful institutions, but they can be hindered if their members do not work together constructively, says Gerry Brown.
Sophie Black, Partner at Mercer and John Davies, Associate Director at EY share their views on the value and importance of culture in an organisation. Both speakers share details of their research into organisational culture and how culture can be measured.
Internal audit will need to be clear how it intends to approach this task. To support auditors, ICAEW’s Internal Audit Panel, part of the Audit and Assurance Faculty, has produced this guidance, which provides practical advice on preparing and conducting an audit of culture. The guide includes eight tips to successfully establish the ‘audit of culture’ as part of internal audit’s core functions and enhance its value to your organisation. It also outlines the benefits of auditing culture.
Since 2008 has been a lot of focus on "the tone at the top" when considering the organisational culture of financial services firms, but it can be hard to understand what this means in practical term. As part of its work on culture and purpose in financial services, ICAEW's Financial Services Faculty has outlined actions Non-Executive Directors and Chief Financial Officers can take to improve culture.
Boards have been charged with setting the tone for how their organisations conduct business. But what role should non-executives play in the process?
Mark Freebairn, Partner and Head of the Financial Management Practice at Odgers Berndtson, and Ruth Bender, Professor of Corporate Financial Strategy at Cranfield School of Management, discuss executive pay and remuneration benchmarking.
Following on from our recent article about corporate governance, Elizabeth Richards updates Business & Management on the latest developments regarding executive pay.
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout. Chapter 7 of the handbook covers the role and work of the remuneration committee and contains a Checklist for the remuneration committee.
Guidance from the Chartered Institute of Personal and Development (CIPD) which is intended to give a framework for Remuneration Committees when setting policies and practices.
Jennifer Janson, Six Degrees and Jamie Harley, PwC discuss the potential impact of social media on reputation, how best to manage this risk and use social media to the benefit of the organisation.
This guidance, from September 2014 integrates and replaces the FRC's Internal Control: Guidance to Directors and Going Concern and Liquidity Risk: Guidance for Directors of UK Companies. It links the guidance on internal control (Formerly known as the 'Turnbull guidance') with emerging good practice for risk management following the FRC's Board and Risk report and final recommendations of the Sharman Panel of Inquiry into Going Concern and Liquidity Risk.
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout. Chapter 9 of the handbook covers Internal control and risk management and includes a Model terms of reference for an audit committee: internal control, risk management and internal audit
ICSA guidance note updated in June 2013 which provides 'model terms of reference for the risk committee of a company and is particularly relevant to banks and other financial institutions (BOFIs).' It 'draws on the experience of company secretaries and is based on best practice as carried out in some of the UK’s largest listed companies.'
Martyn Scrivens, Chair of the ICAEW's Internal Audit Advisory Panel and Martin Robinson, consultant for the Fraud Advisory Panel and advisor to the Chartered Institute of Internal Audit, look at the role of internal audit and its use in preventing, detecting and responding to fraud.
This practical guide outlines the eight steps to follow to conduct a successful internal audit of culture.
A paper from Credit Suisse entitled: Data Analytics Transforming Internal Audit – Pillars of Success, written by Stephen Magora, Director, Data Analytics at Credit Suisse.