All Templates
Define audit committee
📃 Audit committee terms of reference
Audit Committee Terms Of Reference (AIM Listed Company)
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 legal template titled "Audit Committee Terms Of Reference (AIM Listed Company) under UK law" is a comprehensive document that outlines the specific guidelines and responsibilities of an audit committee within a company listed on the AIM (Alternative Investment Market) in the United Kingdom.
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.
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
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
Website Acceptable Use Policy (aup)
Website Acceptable Use Policy (AUP) is a legal template that outlines the rules and regulations governing the use of a website or online platform under UK law. This document establishes guidelines and expectations for individuals or entities using the website, ensuring compliance with relevant laws and protecting the website owner's rights. The AUP covers a wide range of topics such as user behavior, content restrictions, intellectual property rights, prohibited activities, privacy and data protection, user-generated content, and consequences for non-compliance with the policy. The purpose of this template is to provide website owners with a comprehensive and legally sound document that clearly defines acceptable and unacceptable uses of their website, thus mitigating potential legal risks and ensuring a safe and lawful online environment for all users.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
2
DISCUSSIONS
0
Parent Company Guarantee (For Outsourcing Agreement)
The Parent Company Guarantee (For Outsourcing Agreement) under UK law is a legal template that outlines the terms and conditions of a guarantee provided by a parent company to ensure the performance and contractual obligations of its subsidiary engaged in an outsourcing agreement.
In the context of outsourcing, where a subsidiary company is responsible for providing certain services or carrying out specific tasks on behalf of a client, there may be concerns regarding the subsidiary's financial stability or ability to fulfill its contractual obligations. To address such concerns, this legal template allows the parent company to provide a guarantee that it will step in and fulfill the subsidiary's obligations in the event of default or non-performance.
The template typically includes sections that define the scope of the guarantee, the specific obligations of the parent company, and the circumstances in which the guarantee will come into effect. It may also cover the duration of the guarantee, the conditions for terminating or releasing the guarantee, and any applicable limitations or exclusions.
By having a Parent Company Guarantee in place, the client can have confidence that the subsidiary's obligations will be fulfilled even if the subsidiary becomes financially unstable or fails to perform. This template ensures that the agreement between the parent company, subsidiary, and client is legally enforceable under UK law, providing all parties with the necessary legal protection and assurance.
In the context of outsourcing, where a subsidiary company is responsible for providing certain services or carrying out specific tasks on behalf of a client, there may be concerns regarding the subsidiary's financial stability or ability to fulfill its contractual obligations. To address such concerns, this legal template allows the parent company to provide a guarantee that it will step in and fulfill the subsidiary's obligations in the event of default or non-performance.
The template typically includes sections that define the scope of the guarantee, the specific obligations of the parent company, and the circumstances in which the guarantee will come into effect. It may also cover the duration of the guarantee, the conditions for terminating or releasing the guarantee, and any applicable limitations or exclusions.
By having a Parent Company Guarantee in place, the client can have confidence that the subsidiary's obligations will be fulfilled even if the subsidiary becomes financially unstable or fails to perform. This template ensures that the agreement between the parent company, subsidiary, and client is legally enforceable under UK law, providing all parties with the necessary legal protection and assurance.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
4
DISCUSSIONS
3
Section 54 Slavery And Human Trafficking Statement (Sample For Commerial Company)
The legal template, "Section 54 Slavery and Human Trafficking Statement (Sample for Commercial Company) under UK Law," is a document designed to assist commercial companies in complying with the legal obligations set forth by Section 54 of the UK Modern Slavery Act 2015. This section requires businesses to disclose the steps they have taken to prevent modern slavery and human trafficking within their organization and supply chains.
The template provides a clear framework for companies to draft their own slavery and human trafficking statement, ensuring they fulfill their legal obligations as well as demonstrate their commitment to ethical business practices. It outlines the important sections and key information that should be included in the statement, such as an organization's structure, policies, supplier due diligence processes, risk assessments, training programs, and the degree of engagement with employees, contractors, and suppliers on these matters.
By utilizing this legal template, commercial companies can create a comprehensive and transparent statement that reflects their efforts to prevent and combat slavery and human trafficking. This document not only helps companies meet their legal requirements and avoid potential penalties, but it also signals the organization's dedication to addressing one of the most significant human rights issues of our time. Overall, this legal template empowers commercial companies to take a proactive stance against modern slavery and work towards a more responsible and ethical business environment.
The template provides a clear framework for companies to draft their own slavery and human trafficking statement, ensuring they fulfill their legal obligations as well as demonstrate their commitment to ethical business practices. It outlines the important sections and key information that should be included in the statement, such as an organization's structure, policies, supplier due diligence processes, risk assessments, training programs, and the degree of engagement with employees, contractors, and suppliers on these matters.
By utilizing this legal template, commercial companies can create a comprehensive and transparent statement that reflects their efforts to prevent and combat slavery and human trafficking. This document not only helps companies meet their legal requirements and avoid potential penalties, but it also signals the organization's dedication to addressing one of the most significant human rights issues of our time. Overall, this legal template empowers commercial companies to take a proactive stance against modern slavery and work towards a more responsible and ethical business environment.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
3
DISCUSSIONS
2
