Turnbull Report
Internal Control: Guidance for Directors on the Combined Code (1999) also known as the "Turnbull Report" is 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 informs directors of their obligations under the Combined Code
Combined Code
The UK Corporate Governance Code 2010 is a set of principles of good corporate governance aimed at companies listed on the London Stock Exchange. It is overseen by the Financial Reporting Council and its importance derives from the Financial Services Authority's Listing Rules...

 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.

See also

  • UK company law
  • Corporate Governance
    Corporate governance
    Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a company is controlled...

  • Cadbury Report
    Cadbury Report
    The Cadbury Report, titled Financial Aspects of Corporate Governance, is a report of a committee chaired by Adrian Cadbury that sets out recommendations on the arrangement of company boards and accounting systems to mitigate corporate governance risks and failures. The report was published in 1992...

     (1992), Financial Aspects of Corporate Governance, on corporate governance generally. Pdf file here
  • Greenbury Report
    Greenbury Report
    The Greenbury Report released in 1995 was the product of a committee established by the United Kingdom Confederation of Business and Industry on corporate governance. It followed in the tradition of the Cadbury Report and addressed a growing concern about the level of director remuneration...

     (1995) on director remuneration. Pdf here
  • Hampel Report
    Hampel Report
    The Hampel Report in 1998 was designed to be a revision of the corporate governance system in the UK. The remit of the committee was to review the Code laid down by the Cadbury Report . It asked whether the code's original purpose was being achieved. Hampel found that there was no need for a...

     (1998), review of corporate governance since Cadbury, pdf here and online with the EGCI here
  • Myners Report
    Myners Report
    Institutional Investment in the UK: A Review was a report to HM Treasury in March 2001 on institutional investors. It was delivered by Paul Myners....

     (2001), Institutional Investment in the United Kingdom: A Review on institutional investors, Pdf file here and Review of Progress Report here
  • Higgs Report (2003) Review of the role and effectiveness of non-executive directors. Pdf here
  • Smith Report
    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...

     (2003) on auditors. Pdf here

External links

  • Text of the revised Turnbull Guidance 2005
  • The Financial Reporting Council
    Financial Reporting Council
    The Financial Reporting Council is the UK's independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.-Structure:...

    's website for internal control

  • The Financial Services Authority Listing Rules online and in 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).
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