Audit Committee Terms Of Reference (AIM Listed Company)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useType of legal document
📃 Audit committee terms of referenceBusiness activity
Define audit committeeThe audit committee terms of reference covers the committee's purpose, responsibilities, and composition. The committee's purpose is to oversee the financial reporting process and the audit of the financial statements. The responsibilities of the committee include selecting the independent auditor, reviewing the independent auditor's report, and monitoring the auditor's independence. The composition of the committee should be determined by the board of directors.
The template provides a framework that adheres to UK regulations, laws, and best practices for corporate governance. It encompasses the composition, role, and responsibilities of the audit committee, aiming to ensure transparency, accountability, and effective oversight of financial reporting and auditing processes.
The document may include various sections, such as the committee's purpose and scope, membership requirements, and composition guidelines. It can also outline the committee's duties, including but not limited to reviewing and approving financial statements, assessing internal control systems, monitoring compliance with regulatory requirements, and overseeing the external audit process.
Additionally, the template may cover the committee's authority and decision-making powers, communication and reporting mechanisms, meeting procedures, and annual evaluation processes. It may provide provisions for the committee's access to necessary resources, including expertise, training, and independent advice.
Overall, the "Audit Committee Terms Of Reference (AIM Listed Company) under UK law" legal template serves as a vital tool for formalizing and clarifying the role and responsibilities of the audit committee within an AIM-listed company, ensuring a robust system of governance and financial oversight.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
UK Website Terms and Conditions (Terms of Use)
Publisher
Genie AIJurisdiction
England and WalesWitness Statement of Truth Verifying Compulsory Liquidation
This template serves as a formal document that witnesses can use to confirm the accuracy and truthfulness of their statements regarding the company's liquidation proceedings. The statement includes relevant details such as the witness's personal information, their involvement or knowledge of the liquidation process, and a declaration that the information provided is true to the best of their knowledge.
By providing this Witness Statement of Truth, witnesses affirm their commitment to the legal obligations of their statements and acknowledge that any false information could result in legal consequences. This template aims to ensure transparency, integrity, and the proper administration of the compulsory liquidation process under UK law.
Publisher
Genie AIJurisdiction
England and WalesWorks Contractor Collateral Warranty (To Funder)
The collateral warranty serves as a contractual document that underpins the contractual relationship between the funder and the works contractor. It safeguards the funder's interests by providing them with direct rights to enforce certain obligations and claims against the works contractor in case of any breaches, defects, or failures in meeting the contractual requirements.
The template outlines the specific terms and conditions of the collateral warranty, including the scope of obligations, limitations, and liabilities of the works contractor. It may also include provisions for dispute resolution, indemnity clauses, insurance requirements, and other relevant terms to protect the interests of both parties.
This legal document is crucial in ensuring that the funder's financial investment is protected by establishing a direct legal relationship with the works contractor, separate from the primary contract between the works contractor and the employer. It provides the funder with the necessary legal recourse and additional warranties directly from the works contractor, providing them with peace of mind in their financial support for the project or works being carried out.
Overall, the Works Contractor Collateral Warranty (To Funder) under UK law is a legal template that helps establish an agreement between the works contractor and the funder, safeguarding the funder's interests and ensuring that the works contractor fulfills their contractual obligations to the funder.