''Internal Control: Guidance for Directors on the Combined Code'' (1999) also known as the "Turnbull Report" was a report drawn up with the London Stock Exchange for listed companies. The committee which wrote the report was chaired by
Nigel Turnbull of
The Rank Group plc. The report informed directors of their obligations under the
Combined Code with regard to keeping good "internal controls" in their companies, or having good audits and checks to ensure the quality of financial reporting and catch any fraud before it becomes a problem.
Revised guidance was issued in 2005. The report was superseded by a further
FRC guidance issued in September 2014.
See also
*
UK company law
British company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directive (European Union), Directives and court cases, the company is th ...
*
Corporate Governance
Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders.
Definitions
"Corporate governance" may ...
*
Cadbury Report
The Cadbury Report, titled ''Financial Aspects of Corporate Governance'', is a report issued by "The Committee on the Financial Aspects of Corporate Governance" chaired by Sir Adrian Cadbury, chairman of Cadbury, that sets out recommendations o ...
(1992), ''Financial Aspects of Corporate Governance'', on corporate governance generally. Pdf fil
here*
Greenbury Report (1995) on director remuneration. Pd
here*
Hampel Report (1998), review of corporate governance since Cadbury, pd
hereand online with the EGC
*
Myners Report (2001), ''Institutional Investment in the United Kingdom: A Review'' on institutional investors, Pdf fil
hereand ''Review of Progress'' Repor
here*
Higgs Report
''Review of the role and effectiveness of non-executive directors'' (or the "Higgs review") was a report chaired by Derek Higgs on corporate governance commissioned by the UK government, published on 20 January 2003. It reviewed the role and effec ...
(2003) ''Review of the role and effectiveness of non-executive directors''. Pd
here*
Smith Report
The Smith Report was a report on corporate governance submitted to the UK government in 2003. It was concerned with the independence of auditors in the wake of the collapse of Arthur Andersen and the Enron scandal in the US in 2002. Its recommend ...
(2003) on auditors. Pd
here
Notes
{{reflist, 2
External links
* Text of the revise
Turnbull Guidance 2005* The
Financial Reporting Council
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and ...
'
websitefor internal control
Full text of the combined code 2006
Full text of the combined code 2003* The Financial Services Authority
Listing Rules
The UK Listing Rules (UKLR) are a set of regulations applicable to any company listed on a United Kingdom stock exchange, subject to the oversight of the Financial Conduct Authority (FCA). The UK Listing Rules set out mandatory standards for any c ...
br>
onlineand i
pdf format under which there is an obligation to comply with the Combined Code, or explain why it is not complied with, under LR 9.8.6(6).
Corporate governance in the United Kingdom
1999 in the United Kingdom
Reports on finance and business