How does the Board gain assurance that safety and environmental risks are being effectively managed?
Under the provisions of the UK Corporate Governance Code the board of listed companies should, at least annually, conduct a review of the effectiveness of the company’s risk management and internal control systems and should report to shareholders that they have done so. The review should cover all material controls, including financial, operational and compliance controls.
The FRC publication:' Internal Control: Revised Guidance for Directors on the Combined Code (October 2005)' states:
"For the purposes of this guidance, internal controls considered by the board should include all types of controls including those of an operational and compliance nature, as well as internal financial controls".
This would include health and safety and environmental risks.
How do you gain assurance that safety and environmental risks are being effectively managed?
Contact us to find out how we can help to assess the effectiveness of your internal control systems.
Under the provisions of the UK Corporate Governance Code the board of listed companies should, at least annually, conduct a review of the effectiveness of the company’s risk management and internal control systems and should report to shareholders that they have done so. The review should cover all material controls, including financial, operational and compliance controls.
The FRC publication:' Internal Control: Revised Guidance for Directors on the Combined Code (October 2005)' states:
"For the purposes of this guidance, internal controls considered by the board should include all types of controls including those of an operational and compliance nature, as well as internal financial controls".
This would include health and safety and environmental risks.
How do you gain assurance that safety and environmental risks are being effectively managed?
Contact us to find out how we can help to assess the effectiveness of your internal control systems.
