LEGAL and CORPORATE GOVERNANCE

LEGAL and CORPORATE GOVERNANCE ARE KEY PIECES TO THE OVERALL ENTITY PUZZLE AND MISSION

LEGAL and CORPORATE GOVERNANCE LEVERAGE COMPONENTS KEY TO THE SUCCESS OF THE FUNCTIONAL AND ENTITY

LEGAL and CORPORATE GOVERNANCE

RISK and DUE DILIGENCE SUB-CATEGORY CONSIDERATIONS

 

CORPORATE GOVERNANCE THOUGHT LEADERSHIP

Financial Reporting Council (FRC) UK Corporate Governance Code (July 2018) (Free PDF Download)

The FRC sets the UK Corporate Governance and Stewardship Codes and UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries.

The FRC’s mission is to promote transparency and integrity in business.

BOARD LEADERSHIP AND COMPANY PURPOSE

Principles

 

A. A successful company is led by an effective and entrepreneurial board, whose role is to promote the long-term sustainable success of the company, generating value for shareholders and contributing to wider society.

 

B. The board should establish the company’s purpose, values and strategy, and satisfy itself that these and its culture are aligned. All directors must act with integrity, lead by example and promote the desired culture.

 

C. The board should ensure that the necessary resources are in place for the company to meet its objectives and measure performance against them. The board should also establish a framework of prudent and effective controls, which enable risk to be assessed and managed.

 

D. In order for the company to meet its responsibilities to shareholders and stakeholders, the board should ensure effective engagement with, and encourage participation from, these parties.

 

E. The board should ensure that workforce policies and practices are consistent with the company’s values and support its long-term sustainable success. The workforce should be able to raise any matters of concern.