All Templates
Define audit and risk committee
🏷️ Audit and risk committee terms of reference
Audit And Risk Committee Terms Of Reference (AIM Listed Company)
Audit And Risk Committee Terms Of Reference (AIM Listed Company)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useType of legal document
🏷️ Audit and risk committee terms of referenceBusiness activity
Define audit and risk committeeA audit and risk committee terms of reference covers the legal responsibilities of the committee with regards to auditing and risk management. This includes specifying the committee's purpose, authority, and duties with regards to these areas. Additionally, the terms of reference may also outline the committee's composition, meeting procedures, and reporting requirements.
The "Audit And Risk Committee Terms Of Reference (AIM Listed Company) under UK law" is a legal template that provides a comprehensive framework for the establishment, purpose, and functioning of an Audit and Risk Committee within a company listed on the AIM (Alternative Investment Market) in the United Kingdom.
This template serves as a guide for drafting the terms of reference document, which outlines the roles, responsibilities, and authority of the Audit and Risk Committee in promoting effective corporate governance, financial reporting, risk management, and internal control practices within the organization.
The document covers various aspects such as the committee's composition, qualifications, and appointment process for its members, including the necessary skills and expertise. It also details the committee's reporting lines, relationship with the board of directors, and any specific legal or regulatory requirements applicable to AIM-listed companies in relation to audit and risk functions.
Furthermore, the template provides a framework for the committee's core activities, including the review and oversight of the company's financial statements, internal control systems, internal and external audits, risk assessment and management, and compliance with relevant laws and regulations. It may also touch upon matters such as the committee's meeting procedures, frequency, and quorum requirements.
By utilizing this legal template, AIM-listed companies can ensure that their Audit and Risk Committee operates in accordance with best practices and legal requirements, promoting transparency, accountability, and integrity in the company's operations. It provides a structured basis for the committee's work and helps safeguard the interests of shareholders, regulators, and other stakeholders, fostering trust and confidence in the company's financial reporting and risk management practices.
This template serves as a guide for drafting the terms of reference document, which outlines the roles, responsibilities, and authority of the Audit and Risk Committee in promoting effective corporate governance, financial reporting, risk management, and internal control practices within the organization.
The document covers various aspects such as the committee's composition, qualifications, and appointment process for its members, including the necessary skills and expertise. It also details the committee's reporting lines, relationship with the board of directors, and any specific legal or regulatory requirements applicable to AIM-listed companies in relation to audit and risk functions.
Furthermore, the template provides a framework for the committee's core activities, including the review and oversight of the company's financial statements, internal control systems, internal and external audits, risk assessment and management, and compliance with relevant laws and regulations. It may also touch upon matters such as the committee's meeting procedures, frequency, and quorum requirements.
By utilizing this legal template, AIM-listed companies can ensure that their Audit and Risk Committee operates in accordance with best practices and legal requirements, promoting transparency, accountability, and integrity in the company's operations. It provides a structured basis for the committee's work and helps safeguard the interests of shareholders, regulators, and other stakeholders, fostering trust and confidence in the company's financial reporting and risk management practices.
How it works
PRODUCT HUNT
#1 Product of the Day
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
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Standard Third Party Legal Charge (Company Securing Specific Liabilities)
The Standard Third Party Legal Charge (Company Securing Specific Liabilities) is a legal template that encompasses a written agreement or contract that falls under UK law. The purpose of this legal document is to establish a legal charge on a specific company's assets in order to secure specific liabilities owed to a third party.
The template outlines the terms and conditions of this arrangement, including the identification of the company that is subject to the charge, the specific liabilities being secured, and the rights and obligations of the third party. It also provides details on the assets over which the legal charge is placed, ensuring that the third party has a legally enforceable claim on these assets in the event of default or non-payment.
Furthermore, the template typically includes provisions related to default scenarios, enforcement of the legal charge, and potential remedies available to the third party, such as the ability to take possession of or sell the charged assets. It may also include provisions regarding the priority of the legal charge in relation to other creditors or charges that may exist on the company's assets.
Overall, this legal template serves as a standardized and legally binding framework that enables a third party to secure specific liabilities by establishing a charge on a company's assets under the jurisdiction of UK law. It ensures clarity, protection, and enforceability for both parties involved in this financial arrangement.
The template outlines the terms and conditions of this arrangement, including the identification of the company that is subject to the charge, the specific liabilities being secured, and the rights and obligations of the third party. It also provides details on the assets over which the legal charge is placed, ensuring that the third party has a legally enforceable claim on these assets in the event of default or non-payment.
Furthermore, the template typically includes provisions related to default scenarios, enforcement of the legal charge, and potential remedies available to the third party, such as the ability to take possession of or sell the charged assets. It may also include provisions regarding the priority of the legal charge in relation to other creditors or charges that may exist on the company's assets.
Overall, this legal template serves as a standardized and legally binding framework that enables a third party to secure specific liabilities by establishing a charge on a company's assets under the jurisdiction of UK law. It ensures clarity, protection, and enforceability for both parties involved in this financial arrangement.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
12
RATINGS
2
DISCUSSIONS
3
Residential Flat Lease Above Commercial Property (Long Lease)
The Residential Flat Lease Above Commercial Property (Long Lease) template under UK law is a legal document designed to govern the lease agreement between a landlord and a tenant in a residential flat situated above a commercial property. It outlines the rights, responsibilities, and obligations of both parties for an extended lease term.
This template covers essential provisions such as the duration of the lease, the rent amount and payment terms, the permitted use of the residential flat, maintenance responsibilities, and provisions for dealing with repairs and renovations. It also includes clauses related to the use of common areas or facilities, utility charges, and insurance requirements.
Furthermore, the template addresses specific aspects that are unique to having a residential flat situated above a commercial property. This may include provisions regarding noise restrictions or soundproofing measures to ensure the tenant's quiet enjoyment of the space, guidelines for access to the flat through the commercial property, and any necessary arrangements for waste management or shared amenities.
Additionally, the template will typically address the legal rights and remedies available to both the landlord and tenant, including provisions for resolving disputes, terminating the lease prematurely, or selling the property during the lease term.
By utilizing this legally binding template, both landlords and tenants can establish clear expectations and requirements, ensuring a smooth and mutual understanding of the terms of the lease agreement. It provides a solid foundation for a secure and harmonious relationship between both parties, while complying with the legal framework outlined by UK housing and property laws.
This template covers essential provisions such as the duration of the lease, the rent amount and payment terms, the permitted use of the residential flat, maintenance responsibilities, and provisions for dealing with repairs and renovations. It also includes clauses related to the use of common areas or facilities, utility charges, and insurance requirements.
Furthermore, the template addresses specific aspects that are unique to having a residential flat situated above a commercial property. This may include provisions regarding noise restrictions or soundproofing measures to ensure the tenant's quiet enjoyment of the space, guidelines for access to the flat through the commercial property, and any necessary arrangements for waste management or shared amenities.
Additionally, the template will typically address the legal rights and remedies available to both the landlord and tenant, including provisions for resolving disputes, terminating the lease prematurely, or selling the property during the lease term.
By utilizing this legally binding template, both landlords and tenants can establish clear expectations and requirements, ensuring a smooth and mutual understanding of the terms of the lease agreement. It provides a solid foundation for a secure and harmonious relationship between both parties, while complying with the legal framework outlined by UK housing and property laws.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
5
DISCUSSIONS
0
Section 8 Landlord's Notice To Seek Possession Of Property (Wales)
The legal template, Section 8 Landlord's Notice to Seek Possession of Property (Wales), provides a structured framework for landlords in Wales to serve notice to their tenants in accordance with UK law. This template is specifically designed to address situations where the landlord seeks to regain possession of their property due to various valid reasons, as defined by Section 8 of the Housing Act 1988 and applicable regulations in Wales.
Under UK law, this template enables landlords to follow the correct legal process for seeking possession of their property from tenants who may have breached their tenancy agreement or failed to comply with certain legal obligations. The template serves as a formal notice that notifies the tenants about the landlord's intention to regain possession, clearly outlining the specific grounds for possession as defined by the legislation.
The content of the template generally includes important information, such as the names and addresses of both the landlord and tenant, as well as details of the property in question. It further outlines the grounds for possession, which may include rent arrears, anti-social behavior, breach of tenancy terms, or other specified reasons permitted by law. Furthermore, the template provides a specific timeframe within which the tenant is expected to address the issues raised in the notice to avoid further legal action.
By utilizing this legal template, landlords in Wales can ensure that they comply with the statutory requirements for seeking possession of their property, safeguarding their rights and interests within the bounds of UK law. However, it is important to note that the Section 8 Landlord's Notice to Seek Possession of Property (Wales) template should be adapted to suit the specific circumstances and legal advice should be sought when considering serving such a notice.
Under UK law, this template enables landlords to follow the correct legal process for seeking possession of their property from tenants who may have breached their tenancy agreement or failed to comply with certain legal obligations. The template serves as a formal notice that notifies the tenants about the landlord's intention to regain possession, clearly outlining the specific grounds for possession as defined by the legislation.
The content of the template generally includes important information, such as the names and addresses of both the landlord and tenant, as well as details of the property in question. It further outlines the grounds for possession, which may include rent arrears, anti-social behavior, breach of tenancy terms, or other specified reasons permitted by law. Furthermore, the template provides a specific timeframe within which the tenant is expected to address the issues raised in the notice to avoid further legal action.
By utilizing this legal template, landlords in Wales can ensure that they comply with the statutory requirements for seeking possession of their property, safeguarding their rights and interests within the bounds of UK law. However, it is important to note that the Section 8 Landlord's Notice to Seek Possession of Property (Wales) template should be adapted to suit the specific circumstances and legal advice should be sought when considering serving such a notice.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
4
DISCUSSIONS
1
