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0 0 REPORT OF THE COMMITTEE ON 0 0
THE
FINANCIAL ASPECTS
OF
CORPORATE GOVERNANCE
1 DECEMBER 1992

0 0 REPORT OF THE COMMITTEE ON 0 0
THE
FINANCIAL ASPECTS
OF
CORPORATE GOVERNANCE

0 1992 The Committee on the Financial Aspects of
Corporate Governance and Gee and Co. Ltd.
Reproduction of this publication in whole or in part is
unrestricted for internal communications within a given
organisation. It is otherwise subject to permission which
will not be refused but will attract a reasonable
reproduction charge. A leaflet is available from the
Publishers setting out full details of the level of the charge
and when it is applicable.
First published December 1992
ISBN 0 85258 913 1 (Report)
ISBN 085258 915 8 (Report with Code of Best Practice)
Gee (a division of Professional Publishing Ltd)
South Quay Plaza
183 Marsh Wall
London El4 9FS
Freephone: [phone]
Fax: [phone]
Printed in Great Britain by Burgess Science Press.

Queries and correspondence relating to the report should be
addressed to:
The Secretary
Committee on the Financial Aspects of Corporate
Governance
Up to 31 Decemher~ 1992
P.O. Box 433
Moorgate Place
London EC2P 2BJ
Tel: (07 I) 628-7060 ext.2565
Fax: [phone]
From 1 Ja/rrrar~y 1993
c/o The London Stock Exchange
London EC2N IHP
Tel: [phone]
Fax: (071) 4.1~0:6822
Additional copies of the report may be obtained from:
Gee (a division of Professional Publishing Ltd)
South Quay Plaza
183 Marsh Wall
London El4 9FS
Freephone: [phone]
Fax: [phone]
Price: &IO.00 per copy, including a copy of the Code of
Best Practice.
The Code of Best Practice may also be purchased as a
separate publication, price fIlO.00 per pack of ten.

PREFACE
THE
INTRO D llc1‘10 N
THE
THE
REASONS FOR SETTING UP THE
CORPORATE GOVERNANCE
REPORT CONTENT
CODE OF BEST PRACTICE
COMMITTEE
COMPANIES TO WHOM DIRECTED
CODE PRINCIPLES
CiL
STATEMENT OF COMPLIANCE
KEEPING THE CODE UP TO DATE
Ai__
COMPLIANCE
BOARD
BOARD EFFECTIVENESS
THE CHAIRMAN
NON-EXECUTIVE DIRECTORS
PROFESSIONAL ADVICE
DIKECTORS' TRAINING
BOARD STRUCTURES AND PROCEDURES
,~~~
THE COMPANY SECRETARY
DIRECTORS' RESPONSIBILITIES
STANDARDS 01: CONDUCT
NOMINATION COMMITTEES
INTEKNAL CoNTRoLs
AUDIT COMMITTEES
INTEKNAL AUDIT
BOARD REMUNERATION
_
__
PAGE
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