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''Internal Control: Guidance for Directors on the Combined Code'' (1999) also known as the "Turnbull Report" was a report drawn up with the London Stock Exchange for listed companies. The committee which wrote the report was chaired by
Nigel Turnbull Nigel ( ) is an English masculine given name. The English ''Nigel'' is commonly found in records dating from the Middle Ages; however, it was not used much before being revived by 19th-century antiquarians. For instance, Walter Scott published ...
of
The Rank Group plc The Rank Group is a gambling company based in the United Kingdom. Rank was involved in the cinema and motion picture industry until 2006, and continues to use the Gongman logo originally used by the Rank Organisation's film distribution subsi ...
. The report informed directors of their obligations under the
Combined Code The UK Corporate Governance code, formerly known as the Combined Code (from here on referred to as "the Code") is a part of UK company law with a set of principles of good corporate governance aimed at companies listed on the London Stock Exchang ...
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. The report was superseded by a further FRC guidance issued in September 2014.https://www.frc.org.uk/Our-Work/Codes-Standards/Corporate-governance/UK-Corporate-Governance-Code/Guidance-for-boards-and-board-committees.aspx


See also

*
UK company law The United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal ...
*
Corporate Governance Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions th ...
*
Cadbury Report The Cadbury Report, titled ''Financial Aspects of Corporate Governance'', is a report issued by "The Committee on the Financial Aspects of Corporate Governance" chaired by Sir Adrian Cadbury, chairman of Cadbury, that sets out recommendations on ...
(1992), ''Financial Aspects of Corporate Governance'', on corporate governance generally. Pdf fil
here
*
Greenbury Report The Greenbury Report released in 1995 was the product of a committee established under the auspices of the United Kingdom Confederation of British Industry. The committee was formed at the behest of the President of the Board of Trade, Michael Hese ...
(1995) on director remuneration. Pd
here
*
Hampel Report The Hampel Report 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 (now found in the Combined Code). It asked whether the code's original p ...
(1998), review of corporate governance since Cadbury, pd
here
and online with the EGC

*
Myners Report ''Institutional Investment in the UK: A Review'' (the ''Myners Report'') was a report to HM Treasury in March 2001 on institutional investors. It was delivered by Paul Myners. Government was concerned that institutional investors were giving insu ...
(2001), ''Institutional Investment in the United Kingdom: A Review'' on institutional investors, Pdf fil
here
and ''Review of Progress'' Repor
here
*
Higgs Report ''Review of the role and effectiveness of non-executive directors'' (or the "Higgs review") was a report chaired by Derek Higgs on corporate governance commissioned by the UK government, published on 20 January 2003. It reviewed the role and effect ...
(2003) ''Review of the role and effectiveness of non-executive directors''. Pd
here
*
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. Its recommen ...
(2003) on auditors. Pd
here


Notes

{{reflist, 2


External links

* Text of the revise
Turnbull Guidance 2005
* The
Financial Reporting Council The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and ...
'
website
for internal control
Full text of the combined code 2006

Full text of the combined code 2003
* The Financial Services Authority
Listing Rules The Listing Rules (LR) are a set of regulations applicable to any company listed on a United Kingdom stock exchange, subject to the oversight of the Financial Conduct Authority (FCA). The Listing Rules set out mandatory standards for any company wi ...
br>online
and i
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). Corporate governance in the United Kingdom 1999 in the United Kingdom Reports on finance and business