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The purpose of this paper is to assess whether financial reporting practices for commercial service charges in the UK retail sector match the best practice requirements of the Royal Institution of Chartered Surveyors (RICS) Code of practice for commercial service charges. This assessment was performed by benchmarking commercial service charge documents provided to retail occupiers at UK shopping centres against the RICS Code’s financial reporting requirements.

Data were generated from direct analysis of actual service charge documents supplied to commercial retail occupiers. This ensures authenticity by removing reliance upon third party reporting of said data. The paper uses a sample size that is representative of the financial reporting practices for commercial service charges at UK shopping centres.

Levels of compliance with the financial reporting requirements of the RICS Code of Practice for commercial service charges are found to be poor, especially in terms of the disclosure of the accounting policies used during the preparation of the service charge accounts. These results contrast with claims by the professional body.

The work analyses service charge documents prepared during 2010-2012 by 44 managing agents and 87 landlords at 126 UK retail shopping centres located in Great Britain. Content analysis was utilised to interpret the data and required some subjective judgement by the researchers.

Data are original and the paper provides a unique benchmarking test for assessing Code compliance. This contrasts markedly with the anecdotal evidence offered by the profession in defending current standards of practice and whilst the paper has limitations, it is the largest and most in-depth study of commercial service charge practices at UK retail shopping centres.

This research aims to continue previous work by the author in the field of commercial service charge management in the UK, offering a unique cross-sectoral comparison in this paper. While prior studies have approached only one sector, this study analyzes both retail and office sectors in the UK. It examines the financial reporting and administrative practices of managing agents and the overall quality of commercial service charge documents, through which it offers commentary on the standard of professional service in service charge provision. It achieves this by benchmarking performance achieved against the accounting requirements of the UK RICS Code of Practice, Service Charges in Commercial Property.

Data were hand collected from analysis of actual service charge documents supplied to commercial retail occupiers at 100 UK office buildings and 100 UK shopping centres during the period of 2010-2013. This process ensures authenticity by removing reliance upon third-party reporting of the said data and offers a uniquely detailed longitudinal sample.

Overall levels of compliance with the financial reporting requirements of the RICS Code of Practice for Commercial Service Charges were poor in both sectors over the period of 2010-2013. Of specific concern was the widespread failure to disclose the accounting policies used during the preparation of the service charge accounts; knowing whether the accounts are prepared using an accruals or cash basis is essential for occupier decision-making purposes. Overall, the results from this study contrast with claims by the professional body that levels of “best practice” are increasing across the service charge industry.

The work analyzes service charge documents prepared during 2010-2013 for 100 office buildings and 100 retail shopping centres located in the UK. While the sample sizes utilized are relatively small, the paper provides a unique in-depth longitudinal analysis of commercial service charge documents that produces findings with high levels of generalizability. Content analysis was utilized to interpret the data and required some subjective judgement by the researcher.

The study provides a comprehensive longitudinal study of accounting and financial reporting practices for commercial service charges in the UK retail and office sectors. Sector data are original, and the paper provides a unique benchmarking approach for assessing Code compliance at each building. This structured longitudinal approach to benchmarking differs markedly from the largely anecdotal evidence offered by the profession when defending current levels of Code compliance. In addition, the paper also provides individual compliance scorecards for 695 service charge documents in order to assess compliance with nine “core” financial reporting requirements of the RICS Code. Its chief value lies in establishing actual practice standards that can be taken up as a driver for improvement – by tenants, agents, landlords and the wider profession.

The purpose of this paper is to explain the final version of the Remuneration Code, published by the Financial Services Authority (FSA) in December 2010, which deals with remuneration in the financial services industry and incorporates requirements contained in the latest version of the European Union (EU) Capital Requirements Directive (CRD3).

The paper gives an overview of the Code, focusing on its scope; the deadlines for compliance; the constraints on variable remuneration; the proportional application of the Code through the division of businesses covered by the Code into four tiers, each with different compliance requirements; and voiding provisions – i.e. provisions which render certain contractual terms on variable remuneration void if they breach Code requirements. It also summarizes the related and new obligations on disclosure of remuneration, which were published by the FSA at the same time as the Code.

The overriding objective of the Code is to ensure that remuneration policies, procedures and practices do not undermine effective risk management.

Now the details have been published and deadlines for compliance set, it is imperative that those in the financial services industry with UK operations, whether in the UK or elsewhere, start taking steps straightaway to ensure that their remuneration policies, practices and procedures are compliant with the new regulatory regime.

The paper provides practical guidance from experienced securities lawyers.

The purpose of this paper is to present the development and implementation of a qualitative, code-compliance framework for property managers of student housing facilities.

The paper identified the fire safety code requirements for student housing facilities and arranged these requirements in the form of a checklist, which was further validated by professional experts. Additionally, the paper presented an IDEF₀ (Integrated Definition for Function Modeling) framework model that illustrates a stepwise process for the deployment of the checklist. A case study was conducted on three similar student housing facilities in a university campus to demonstrate the application of the framework. Furthermore, the findings from the case study were reported along with recommendations to improve the degree of compliance with the requirements of fire safety codes.

The developed framework was validated by professional experts and through a case study. Fire safety provisions were mostly found to be adequate in the case study building. The authors proposed several actions to improve the current status of fire safety in the building.

The paper serves to disseminate awareness about the occurrence of fires, their severe consequences and precautionary measures in student housing facilities. It also provides a standardized checklist for ease of use by property managers who may be unable to understand the technical terminologies found in fire safety codes and standards. Thus, the developed framework is of tangible value to property managers, building specialists and student housing administrators.

This paper seeks to identify the practical challenges of implementing a code of conduct in the supply chain management of multinational mobile phone industries from diverse cultural and legal contexts by analysing critically how a multinational company manages the CSR concept in its supply chain.

This study is based on qualitative interviews, analysis of codes of conduct and the practices of Sony Ericsson as well as of one of its suppliers.

Codes of conduct should be perceived differently within different contexts. Therefore, cultural and legal issues have to be considered when formulating and implementing codes of conduct, and when assessing compliance. The development of codes of conduct in the mobile phone industry is an ongoing process. Both cultural and legal challenges have to be considered.

Each company should define its own standards and limits of responsibility within the context of ethical sourcing, while some basic codes of conduct compliance should be forced on the whole mobile phone industry.

Purpose of this paper – This study investigates compliance with the corporate governance code in an African developing economy (Mauritius).

Methodology/approach – We examine the annual reports of 41 listed companies to assess the extent of compliance with the code and to analyze the wording of compliance statements. We also carry out in-depth semi-structured interviews with selected company directors to understand the reasons for compliance (or non-compliance).

Findings – Initial findings indicate a reasonable level of compliance with the more visible requirements of the code but noteworthy non-compliance also emerges, particularly in relation to the low number of company boards being chaired by independent directors, to uncertainties on the actual operation of board committees, and to the widespread non-disclosure of directors’ remuneration. Furthermore, compliance statements were found to be vague, ambiguous, or even inconsistent with the extent of compliance disclosed in the reports. We believe these are indications that many of the companies are adhering selectively with the code to project an image of symbolic compliance. Our in-depth follow-up interviews with directors largely confirm this behaviour of selective compliance.

Research implications – We suggest that the pursuit of legitimacy as an operational resource – rather than efficiency-led rationales – emerges as a potential theoretical explanation for the adoption of the corporate governance code in Mauritius.

Originality /value of paper – We bring evidence on how the corporate governance code is being understood and rationalized in a developing economy. We rely on a combination of annual report disclosures, compliance statements, and interview data to investigate corporate governance compliance.

The purpose of this paper is to propose building code changes that would benefit both architectural design and the potential of achieving nearly zero energy goals by analyzing the architectural implications of the energy system boundaries within the Swedish code.

The analysis is driven by three questions that relate the national implementation of EU directive on nearly zero energy 2020 to the premises set out in the guidelines for revising the Swedish building code aiming at a performance-based regulation. A crucial part of the research is a comparative analysis of the design implications of the code to research findings in scientific articles on near-zero energy or low-energy design.

The energy system boundaries in the Swedish code are steering the architectural design and energy consequences of offices towards using less heat but more electricity. The energy section is also limiting the architectural design choices by ignoring the positive energy aspects of daylight. A proposal of a new comprehensive energy section taking all architectural design related energy aspects into account is presented, in order to support design of nearly zero energy buildings.

A building code that relates the energy system boundaries to form will help integrated design choices that are more likely to support the strive towards nearly zero energy buildings.

The paper reveals the design implication of the Swedish energy section to be counterproductive regarding energy efficiency as well as limiting architectural design choices.

Reinforced concrete (R.C.) beams are part of the structure so their design depends on the structural code and its requirements. In this paper, two simply supported R.C. beams were designed in terms of flexural and shear strength design requirements and investigated in terms of deflections and crack widths, when subjected to two asymmetric concentrated loadings, where one load is double the other one. Both beams had dimensions of 3,500 mm length, 200 mm width, and 300 mm height. The first beam (beam B1) was designed according to the combination of the structural requirements of American and Saudi building codes (ACI318-and-SBC304), while the second beam (beam B2) was designed according to the structural requirements of Eurocode (EC2). The paper aims to discuss these issues.

The design of ultimate capacity (section capacity) to design both flexure and shear capacity according to the design provisions in EC2 code deals with the Ultimate Limit State Design Approach, while it deals with the Ultimate Strength Design Approach according to the design provisions in both ACI318 and SBC304 codes. In the serviceability (mid-span deflection and flexural crack width) check, the three codes deal with the Serviceability Limit State Design Approach.

The laboratory behaviour of both test beams was as expected in flexure and failed in shear, but there was more shear cracks in the left shear span for both beams. This refers to the left applied loading and the spacing of shear links, where the failure occurred at the higher loading points. Perhaps, if the number of links was increased in the left side of the beam during the manufacture and reinforcing of the beam, the failure loading will be delayed and the diagonal cracks will be decreased.

From this study, it was concluded that: the ACI318 and SBC304 design approaches are safer than the EC2 design approach. The EC2 design approach is more economic than the ACI318 and SBC304 design approaches. The structural behaviour of both test beams was as expected in flexure but both beams failed in shear. The shear failure was in the left side of both test beams which was referred to a high loading point. Diagonal cracks followed the applied loading until both beams reached to the failure.

Shipping is perhaps the most internationally recognized of all the world's great industries – and one of the most dangerous. It has always been accepted that the best way of improving safety at sea is by developing international regulations that are followed by most shipping nations. Since 1993, the International Maritime Organization (IMO) has adopted the International Safety Management (ISM) Code as a minimum statutory requirement for ship operating companies to establish, implement and maintain their safety management systems (SMS). This paper compares the ISM Code with the requirements of the ISO 9001:2000 quality management system and the OHSAS 18001:1999 Occupational Health and Safety Standards. It reviews the SMS registration process and discusses the problems and difficulties commonly faced by ship operating companies in the process. A 15‐step implementation strategy for SMS registration is presented. The model provides ship operating companies with a practical reference to manage the SMS registration in compliance with the statutory requirements of the IMO.