Main principles of UK code:
- Board Leadership and company purposes
- Division of responsibilities
- Composition, sucession and evaluation
- Audit, risk and internal control
- Remuneration
1. Audit, risk, and internal control
- Establish policies and procedures (formal and transparent) to ensure the
independence and effectiveness of internal and external audit functions.
- Satisfy itself on the intergrity of financial and narrative statements.
- Present a fair, balanced and understandable assessment of company’s
position and prospective
- Need to procedures to manage and mitigate risk and oversee internal
controls
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