1. Page 1 Structure of the Code Don Thomson, Working Group Chair and IESBA Member IESBA CAG Meeting April 10, 2013 New York

2. Page 2 February 2012: How to improve structure of Code to raise the visibility of its requirements and prohibitions, and clarify who is responsible for meeting them June 2012: An example of a possible reformatting approach. Additional clarity steps should be considered December 2012: Briefly discussed aspects of this initiative and supported establishment of the Working Group (WG) Background

3. Page 3 Limited to brief agreed in February 2012, visibility and responsibility, or extended to clarity and understandability? Propose: Scope of initiative should address broader matters of clarity and usability Changes to enhance clarity and usability may impact interpretations Consider whether any changes would be better handled by separate projects Proposed WG Terms of Reference

4. Page 4 Enhance accessibility Without changing standards Develop examples: –Highlighting –Summaries –Hyperlinks Short Term Initiatives

5. Page 5 Increase visibility of responsibilities in the Code May require formal project proposal Determine importance and urgency Responsibility

6. Page 6 Barriers to adoption Complexity and translation Usability by SMPs and PAIBs Consistency of interpretation For possible longer term comprehensive review If sufficiently important and urgent, may warrant ST initiative Research leading to longer term

7. Page 7 IFAC member bodies, in conjunction with CAP Regulators IESBA CAG NSS liaison group Firms IFAC SMP Committee IFAC PAIB Committee Research Plan

8. Page 8 September 2013: A status report, including examples of ST initiatives December 2013: A preliminary report on research findings March 2014: Results of short term initiatives and preliminary research findings and recommendations for further action –Consider Consultation Paper Proposed Timeline

9. Page 9 CAG representatives are asked for views on the: Short term and longer term initiatives WG’s initial status report WG’s draft Terms of Reference Matters for IESBA CAG Consideration

10. www.ethicsboard.org