Reporting should cover the application of the Principles in the context of the particular circumstances of the company and, including how the board has set the company’s purpose and strategy, met objectives, and achieved outcomes through the decisions it has taken. [...] It should describe in the annual report how opportunities and risks to the future success of the business have been considered and addressed, the sustainability of the company’s business model and how its governance contributes to the delivery of its strategy. [...] The annual report should describe the work of the nomination committee, including: 4 The definition of ‘senior management’ for this purpose should be the executive committee or the first layer of management below board level, including the company secretary. [...] The main roles and responsibilities of the audit committee should include: • monitoring the integrity of the financial statements of the company and any formal announcements relating to the company’s financial performance, and reviewing significant financial reporting judgements contained in them; • providing advice (where requested by the board) on whether the annual report and accounts, taken as. [...] The annual report should describe the work of the audit committee, including: • the matters set out in the Audit Committees and the External Audit: Minimum Standard; and • the significant issues that the audit committee considered relating to the financial statements, and how these issues were addressed; • an explanation of how it has assessed the independence and effectiveness of the external aud.
- Pages
- 18
- Published in
- United States of America
