FRC Code definition
FRC Code means the UK Corporate Governance Code published by the FRC; “FTSE” means the Financial Times Stock Exchange;
Examples of FRC Code in a sentence
NI Water seeks to emulate best practice corporate governance arrangements as set out in the FRC’s UK Corporate Governance Code (the FRC Code) and this partnership agreement draws on the same but also draws on the DoF’s Corporate governance in central government departments: code of good practice NI (the Government Code) where appropriate.
It should be noted that the Company’s commercial freedoms are restricted by the constraints of the public expenditure system and the provisions set down in this agreement and consequently NI Water does not comply with the FRC Code within the strict definition.