Australian Code of Governance
The Australian Accounting Standards Board is a Common Wealth Agency that deals with standard setting in the private and public sectors in Australia. The Australian Accounting Standards Board is responsible for developing and issuing Accounting Standards (AASBs prepared on 16th April 2007) to be applied by:
- Entities required by the Corporations Act 2001 to prepare financial reports;
- All reporting entities engaged in either for-profit, not-for-profit or public sectors; and
- Any other entity that prepares general purpose financial reports.
And it is also responsible for the “care and maintenance” of the body of Standards. The Board's functions and powers are set out in the Australian Securities and Investments Commission Act 2001.
Objective of AASB
The objective of this Standard is to ensure that an entity’s first Australian-equivalents-to-IFRSs financial report contains high quality information that:
- Is transparent for users and comparable over all periods presented;
- Provides a suitable starting point for accounting under Australian equivalents to IFRSs;
- Can be generated at a cost that does not exceed the benefits to users.
All requirements of the code have been visualized within the Corporate Modeler toolset and can be easily customized to your organizational environment allowing you to add your own audit question and controls and cross reference them with the modeled requirements.
Belgian Code of Governance
The Belgian Code of Governance’s main objective is to support long-term value creation. Business success demonstrates that good governance leads to creation of wealth, not only for shareholders but also for all other stakeholders. Recent examples of corporate malpractice, however, have shown that failing corporate governance may lead to significant losses well beyond the loss of shareholder capital.
Governance practices, based on transparency and accountability, will reinforce the confidence of investors in companies and will benefit other stakeholders. Good governance will enable companies to access external funding at a lower cost. Good corporate governance will also bring macro-economic advantages, such as improving economic efficiency and growth, and protecting private investments.
All requirements of the code have been visualized within the Corporate Modeler toolset and can be easily customized to your organizational environment allowing you to add your own audit question and controls and cross reference them with the modeled requirements.
The Combined Code of Corporate Governance
The UK Corporate Governance Code 2010 is a set of principles of good corporate governance aimed at companies listed on the London Stock Exchange. It is overseen by the Financial Reporting Council and its importance derives from the Financial Services Authority's Listing Rules. The Listing Rules themselves are given statutory authority under the Financial Services and Markets Act 2000 and require that public listed companies disclose how they have complied with the code, and explain where they have not applied the code - in what the code refers to as 'comply or explain'
All requirements of the code have been visualized within the Corporate Modeler toolset and can be easily customized to your organizational environment allowing you to add your own audit question and controls and cross reference them with the modeled requirements.
German Code of Governance
This German Corporate Governance Code (the "Code") presents essential statutory regulations for the management and supervision (governance) of German listed companies and contains internationally and nationally recognized standards for good and responsible governance.
The Code aims at making the German Corporate Governance system transparent and understandable. Its purpose is to promote the trust of international and national investors, customers, employees and the general public in the management and supervision of listed German stock corporations. The Code clarifies the rights of shareholders, who provide the company with the required equity capital and who carry the entrepreneurial risk.
All requirements of the code have been visualized within the Corporate Modeler toolset and can be easily customized to your organizational environment allowing you to add your own audit question and controls and cross reference them with the modeled requirements.
Loi sur la Sécurité Financiere (LSF)
The “Loi sur la Sécurité Financiere”, (LSF; Law on Financial Security), voted through the French parliament on the 1st of August 2003, has 3 major pillars:
The modernization of the Financial Markets Control Authorities; Increased security for people who have savings and insurance policies, and the legalisation of control on company accounts as well as improving transparency and corporate governance.
The LSF makes the chairman of a company responsible of the content of an annual report in relation to the internal control procedures put in place in the company.This part of LSF aims at imposing a broadened and more pragmatic use of internal controls. IT will result in an improved corporate governance culture and better transparency with shareholders.
All requirements of the code have been visualized within the Corporate Modeler toolset and can be easily customized to your organizational environment allowing you to add your own audit question and controls and cross reference them with the modeled requirements.
Swiss Code of Governance
The Swiss Code addresses the situation in Switzerland with its characteristic mixture of large, medium and small companies. At a time when capital markets are being linked worldwide the Swiss Code will give mainly foreign investors an idea of what has been achieved and what is anticipated in corporate governance practices.
All requirements of the code have been visualized within the Corporate Modeler toolset and can be easily customized to your organizational environment allowing you to add your own audit question and controls and cross reference them with the modeled requirements.
Tabaksblat
Tabaksblat is a comprehensive corporate governance code; a code of conduct for remuneration of managers in the Netherlands. It is based on the apply or explain principle. The code is also based on the standard accepted in the Netherlands that a company is a long-term form of collaboration between various parties involved. The stakeholders are the groups and individuals who directly and indirectly influence (or are influenced by) the achievement of the aims of the company.
All requirements of the code have been visualized within the Corporate Modeler toolset and can be easily customized to your organizational environment allowing you to add your own audit question and controls and cross reference them with the modeled requirements.