Corporate Governance Practices in the Context of the Combined Code 2006 Synopsis This checklist provides a cutting edge tool for all boards and internal auditors to use when evaluating performance against the requirements of the Combined Code 2006. Each question is critical to board effectiveness in today and tomorrow’s corporate governance structure, whether in the private, public or voluntary sectors.

This Checklist has been developed by Professor Andrew Chambers, Management Audit LLP and is currently included in the context of the Combined Code 2003 in Chapter A6 of Tottel’s Corporate Governance Handbook, 3rd edition (2005). It will be included in the 4th edition (2008), ISBN 978 184766 0534. It is reproduced with permission from the publisher, Tottel Publishing, Haywards Heath, England.

After Reading the Case Study Consider:

1. How can internal auditing assist the board to evaluate its performance in each of the sections of the checklist?

2. In how many of the sections is your internal auditing assisting the board through its planning, engagements and reporting?