FRC Guidance for Boards and Board Committees
The FRC issues guidance and other publications to assist boards and board committees in considering how to apply the UK Corporate Governance Code to their particular circumstances. These publications cover:
In 2011 the FRC published new guidance entitled Guidance on Board Effectiveness, which relates primarily to Sections A and B of the Code on the leadership and effectiveness of the Board.
Work is underway on updating this guidance document to support the 2017 review of the Code.
The FRC Guidance on Audit Committees was first published in 2003 and most recently updated in April 2016. It is intended to assist company boards when implementing Section C.3 of the UK Corporate Governance Code dealing with audit committees, and to assist directors serving on audit committees in carrying out their role.
To assist audit committees looking to put their external audit out to tender the FRC has provided a Best Practice guide to Audit Tendering.
Risk Management, Internal Control and Related Financial and Business Reporting
This guidance - Risk Management, Internal Control and Related Financial and Business Reporting
- revises, integrates and replaces the previous editions of the FRC's Internal Control: Guidance to Directors
(formerly known as the Turnbull Guidance) and the Going Concern and Liquidity Risk: Guidance for Directors of UK Companies
and reflects changes made to the UK Corporate Governance Code in 2014.