英语论文网

corporate governance in UK banks in the light of the experience of critical loss and failure throughout the banking system. The Walker Review published in November 2009 recommends more transparent pay and bonus structures for all high earners following a serious and ongoing corporate governance failings in the financial sector.

The review examines corporate governance in the UK banking industry and makes recommendations on:

the effectiveness of risk management at board level, including the incentives in remuneration policy to manage risk effectively;

the balance of skills, experience and independence required on the boards of UK banking institutions;

the effectiveness of board practices and the performance of audit, risk, remuneration and nomination committees;

the role of institutional shareholders in engaging effectively with companies and monitoring boards; and

whether the UK approach is consistent with international practice and how national and international best practice can be promoted.

As a result of Walker's recommendations, the role of the Chief Risk Officer may fundamentally change. Walker suggests that the CRO mandate should encompass all material risks and become, at least in part, the 'eyes and ears' of the Board Risk Committee.

合并后的代码和相关的指导——The Combined Code and associated guidance

The Combined Code on Corporate Governance sets out standards of good practice in relation to issues such as board composition and development, remuneration, accountability and audit and relations with shareholders.

All companies incorporated in the UK and listed on the Main Market of the London Stock Exchange are required under the Listing Rules to report on how they have applied the Combined Code in their annual report and accounts. The Combined Code contains broad principles and more specific provisions. Listed companies are required to report on how they have applied the main principles of the Code, and either to confirm that they have complied with the Code's provisions or - where they have not - to provide an explanation.

In March 2009 the FRC announced a review of the Combined Code, as a result of which it proposes to make a number of revisions to the Code. Consultation on these proposals ends on 5 March 2010.

Subject to the outcome of consultation it is intended that the revised Code - which will be known as the UK Corporate Governance Code - will apply to financial years beginning on or after 29 June 2010.

公司治理规范,最佳实践指南&英国报告——Corporate Governance Codes, Best Practice Guidelines & Reports UK

Institute of Directors, (2001) Standards for the Board - Improving the effectiveness of your board, London: Kogan Page

Committee on Corporate Governance, Hampel Committee, Final Report (January 1998)

Department for Trade and Industry Report on the Committee on the Financial Aspects of Corporate Governance, Cadbury, (December 1992)

Department for Trade and Industry, Higgs Review on the Role and Effectiveness of Non-Executive Directors (January 2003)

Department for Trade and Industry, Myners Committee. Developing a Winning Partnership: How Companies and Institutional Investors are Working Together (1995)

Financial Reporting Council, The Smith Guidance on Audit C本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。