Reviewing the Combined Code

12 August 2005

The Combined Code ' how was it for you?

The Financial Reporting Council (FRC) is currently reviewing the implementation of the Combined Code on Corporate Governance. The Code was changed in 2003 and this year is the first time that listed companies have reported against it. The review focuses on what the FRC calls 'implementation issues' ' for example, the impact of the revised Code, the barriers to implementing it and whether the Code has had an impact on the level and quality of the dialogue between companies and boards.

CIMA will be responding and, as this review is all about the companies' experience of implementing the new Code, we would like to elicit views of CIMA members working in listed companies.

So if you have any views on how the Code is working in practice or if your company is preparing a response that you can share with us, please let us know. Sign in to My CIMA and you can submit your views the via the Consultations Database.

You can vist the FRC site for further information on the Combined Code http://www.frc.org.uk/

For further information please contact:

Danka Starovic
Technical Specialist
CIMA
Tel: +44 (0) 20 8849 22342
Email: danka.starovic@cimaglobal.com

Notes to editors

1. CIMA (the Chartered Institute of Management Accountants) is a leading professional body that offers an internationally recognised qualification in management accountancy, focussing on accounting in business. It is the fastest growing UK based membership body, in terms of members, in both the UK and worldwide and is the voice of over 150,000 members and students in 156 countries. CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body. CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually reflecting the latest developments in global business. It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. For more information about CIMA, please visit http://www.cimaglobal.com/