Handwritten notes from probably 3 different meetings or situations as three different papers, covering most topics of the Committee's investigations.
The paper briefly reviews issues in corporate governance: appointment of non-executive directors to the board and their contribution; the integrity of financial information; auditing standards and the responsibilities of auditors.
The brief is to consider : management's responsibility for financial statements; the need to require companies to maintain adequate internal control systems; the implications of these issues for the role of audit committees. Membership of the Committee is listed.
Letters to AC and RTZ expressing concern about the large increase in top salaries and accounting practices.
Neville Bain sets out some points on directors and responsibilities, annual reports and audit committees.
Offering sample copies of new product dealing with financial reporting by companies.
Objective of the meeting: to canvass Sir Ron's view of the ground the Committee might cover.
Includes the terms of reference of the Working Party formed by the Institute of Chartered Accountants of Scotland to address selected issues concerning corporate governance.
Contains thoughts on information disclosure, closeness of auditors to clients and Board responsibility, narrative information rather than figures, enforcement, directors' remuneration and comments on meaning of 'financial aspects of corporate governance'.
Charkham writes to Sir Adrian including a letter to ICAS about possible inclusions in reports: summaries of key people; products or services report; prospects / financial plan for the future; performance.
Puts a point of view on the types and amount of information that should be required, remembering that many companies operate internationally.
Also attached is a letter to the Financial Times about wealth creation by businesses and attendant accountancy practices.
Covering letter and Hugh Collum's response to the Accounting Standards Board's publication on Structure of Financial Statements and the Statement of Principles
Extracts relate to communication of information to shareholders and delay in achieving voting rights.
Paper prepared by Neville Bain. Not clear who is the intended audience.
This is a reply to a request for comments on financial reporting, audit committees and the responsibilities of auditors.
17. Memoranda to the Committee from the Financial Reporting and Auditing Group 1- giving more power to shareholders in their dealings with auditors CFACG(91)9 FRAG and 2 - the form an content of financial reporting.
These documents consider the issues in detail. These documents should be with the minutes which are missing.
Submisson concentrates on communication between companies and their shareholders, reporting on intangible assets and non-executive directors.
The submission covers the composition of the Board e.g. Separate Chairman and Chief Executive, non-executive directors; qualitative and quantitative financial reports, importance of non-executive directors, external auditors and audit committees.
Submission covers the role and responsibilities of boards of directors, financial reporting, shareholders, auditing and regulation.
Main content is 'A submission to the Committee on the Finacinal Aspects of Corporate Governance by the Institute of Public Relations , City & Financial Group, December 1991.
Covers issues such as communication between boards and shareholders, emphasis on the long term, corporate reporting, company-auditor relationships, responsibilities of non-executive directors, audit committees and auditors responsibilities.
Submission and response on social and environmental accounting
Letter seeks to clarify the focus for the Committee. Letter also sent to Sir Ron Dearing and Mike Lickiss.
Letter sets out Arthur Andersen's views as a contribution to evidence gathering.
Comments on 100 Group paper definition of corporate governance, the board should be balanced and reporting.
Letter is responding to MG Lickiss' comments on his draft [Standards of financial reporting and auditing] and clarification of focus of the Committee.
Covers aspects of board of directors, internal controls, financial reporting, auditing.
Submission covers communication between boards and stakeholders, executive and non-executive directors, corporate reporting.
30. Correspondence from Ron Dearing, Financial Reporting Council, including responses to the draft report from ICAEW, Rowena Mills Associates, Delta plc and Sears plc between 1 May 1992 and 23 July 1992.
Includes comments on differentiation between executive and non-executive board members, role of auditors and non-audit fees. Memo from Nigel Peace included.
Comments on potential for statements of conformity to become meaningless, possible progress to an international accounting regime and institutional shareholders, plus detailed comments.
Suggests an additional entry on the form about directors understanding their duties.
Comments on non-executive directors, financial reporting, auditing and institutional shareholders.
Comments on information for the small shareholder, going concern and extended comments on take-overs and fraud.
Financial Reporting Council comments on the draft report and includes 2 commenting letters and earlier ones. It also makes suggestions on how to alter the text while commenting on the auditors role, non-audit fees of the auditor.
Comments in the context of the wider context of corporate governance, while focussing on internal control, self-regulation and enforcement, interim financial reporting and auditing.
Comments on Code of Best Practice, audit committees, directors' contracts, reporting and aspects of auditing.
Comments on the requirement for interim financial reports to include balance sheets, access to professional advice for non-executive directors and the roles of directors at an AGM.
Comments on statements of compliance with the code of best practice as an obligation but not a requirement of listing, responsibilities of the directors and financial reporting.
The document concentrates on financial control and reporting.
There is draft guidance on compliance with the Code of Best Practice and also guidance on the topic issued in December 1993. In July 1993 the APB issued a draft for comment on reviewing interim financial information.
The paper sets out the many recent reforms in financial reporting and auditing practices. It supports the Cadbury proposals but calls for more coordination and consistency between the various bodies with a role in financial reporting and auditing.
This refers to the wording in reports and accounts about Directors' responsibilities as mention in the Code of Best Practice. Also included is the text of an article for the Law Society's Gazette.
44. Corporate Governance Committee meeting on 24 November 1993 including extending report's recommendations to large private companies, progress from the monitoring subcommittee, going concern guidance, financial reporting and corporate governance 'overload',
In addition to the supporting doucments for the meeting it contains the minutes of the meeting.
Comments on and seeks discussions with the Committee on the draft guidance on paragraph 4.5 of the Cadbury Code i.e. Reportable weakness and effectiveness of internal financial control systems.
Foreword to the ICAEW's guidance on internal control and financial reporting which appeared in Accountancy, February 1995.
Letter discusses prosposed amendments to the Stock Exchange listing rules and its aim to establish itself as an effective regulator.