Directors' Handbook

Section 1 – Corporate structure

1 The limited company

2 The role of the director

3 Appointment

4 Remuneration

5 Termination

Section 2: The director’s role

6 Statutory duties

7 Other duties and

expectations

8 Penalties and sanctions

Section 3 – Financial accountability

9 Financial duties

10 Financial statements

11 Audit

12 Other finance-related duties

13 Financial sustainability and financial stress

Section 4 – Stakeholder accountabilities

14 Corporate purpose

15 Shareholders

16 Stakeholders

Section 5 – Governance and transparency

17 The meaning of governance

18 Practical governance

19 Governance codes

20 Governance dynamics

21 Governance narrative

Appendices

Appendix 1 – FRC The UK Corporate Governance Code

Appendix 2 – FRC Guidance on Board Effectiveness

Appendix 3 – FRC The Wates Corporate Governance Principles for Large Private Companies

Appendix 4 – FRC The UK Stewardship Code 2020

Appendix 5 – FRC Guidance on Audit Committees 2016

Appendix 6 – Audit Committee Terms of Reference

Appendix 7 – Nomination Committee Terms of Reference

Appendix 8 – Remuneration Committee Terms of Reference

Appendix 9 – Risk Committee Terms of Reference

Appendix 10 – Directors’ service contracts

Appendix 11 – Sample NED appointment letter

Appendix 12 – Contents list for the annual report

Appendix 13 – Directors’ general duties

Appendix 14 – Good practice for virtual AGM and board meetings