Good practice

Commercial or professional procedures that are accepted as being appropriate or effective.

Good practice principles are often documented in formal codes of 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

• Best practice
• Boilerplate
• Code
• Code of practice
• Competence
• Compliance
• Contract
• Directive
• Enforcement
• Ethics
• Framework
• FX Global Code
• Governance
• Guidance
• Jurisdiction
• Law
• Legislation
• Practice
• Practitioner
• Principle
• Red tape
• Regime
• Regulation
• Reporting
• Reputational risk
• Rules
• Standards
• Statement of Good Practice
• Supervision
• Tax
• Truncation
• UK Corporate Governance Code