Best practice

Commercial or professional procedures that are accepted as being correct or most effective.

For example, the Association of Corporate Treasurers issues guidance on how to perform certain treasury activities, and this guidance can be considered to be best practice in relation to those activities.

More recently published codes often refer to 'good practice', rather than 'best' practice.

Examples include the FX Global Code, setting out good practice principles for foreign exchange market participants, and the UK Corporate Governance Code (for larger UK companies).

See also

• Advisory
• Association of Corporate Treasurers
• Benchmark
• Benchmarking
• Better practice
• Boilerplate
• Cash flow statement
• Code
• Code of practice
• Competence
• Compliance
• Contract
• Corporate finance transaction
• Directive
• Disapplication
• Enforcement
• Ethics
• Financial Markets Standards Board
• Foreign Exchange Committee
• Framework
• FX Global Code
• Framework
• Global Code
• Good practice
• Governance
• Guidance
• Investment management
• Joint Money Laundering Steering Group
• Jurisdiction
• Law
• Legislation
• Model
• Non-pre-emptive issue
• Oversight
• Payments Market Practice Group
• Practice
• Practitioner
• Pre-Emption Group
• Principle
• Red tape
• Regime
• Regulation
• Report
• Reporting
• Reputational risk
• Request for proposal
• Rule of law
• Rules
• Rules based
• Spreadsheet Standards
• Standards
• Statement of commitment
• Statement of Good Practice
• Statement of Principles
• Supervision
• Supervision Committee of the FRC
• Tax
• Truncation
• UK Corporate Governance Code
• UK Money Markets Code
• Uniform Customs and Practice for Documentary Credits

Other resource

• ACT International Treasury Peer Review Best practice guide