Turnbull Guidance

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Turnbull Guidance is the former name of the UK Financial Reporting Council (FRC)'s Internal Control: Guidance to Directors, now integrated within the FRC's Risk Management, Internal Control and Related Financial and Business Reporting.

Based on the Turnbull Report (Internal Control: Guidance for Directors on the Combined Code), the guidance revised, integrated and reflected changes made to the UK Corporate Governance Code (formerly the Combined Code).

It set out how directors of listed companies should comply with the UK Corporate Governance Code requirements in respect of internal controls, including financial, operational, compliance and risk management.

See also