Jurisdiction(s):
United Kingdom

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Mentoring for Mentees: Find the Right Mentor, Maximise Meetings and Align with SRA Continuing Competence (England and Wales)

Published by a LexisNexis In-house Advisor expert

Practice notes

This Practice Note offers guidance for mentees, outlining what it takes to be an effective mentee and helping you decide whether mentoring is right for you. For broader guidance on mentoring, see Practice Note: Mentoring—getting started.

Do I really need a mentor?

What can mentees hope to Gain from the mentoring relationship?

Alongside a trusted supporter within the business and a view of life at the most senior levels, you should expect:

specialist guidance
sound, practical advice
motivating encouragement
a candid critical friend who says what you need to hear
space to discuss professional concerns
greater self-awareness
career development

Mentoring schemes can also provide ongoing support, advice and feedback on work. This can help you actively review your learning and development (L&D) needs and obtain Knowledge, guidance and expertise to meet Solicitors Regulation Authority (SRA) requirements under the SRA competence regime—for further information, see Practice Note: The continuing competence regime.

The mentor and the mentee should agree the structure and format of the mentoring sessions, but the focus...

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Beth Pipe , FCIPD

OnLive Learning

Beth is a Fellow of the Chartered Institute of Personnel and Development (FCIPD) and has spent over 25 years specialising in Learning and Development. During that time she has worked across a broad variety of different industries and has, for the past 15 years, worked closely with a number of well known law firms; this has involved putting in to place systems and structures to encourage, enable and track the effectiveness of learning activities. Adept at face to face course delivery, and always enjoying excellent feedback, Beth is also accomplished at online delivery and created OnLive Learning in response to the challenges presented by the 2020 Covid-19 restrictions.Beth has written extensively for LexisNexis on subjects such as Performance Management, Managing Change and Stress Management. Away from her training delivery she is a published author writing about local history, hiking, wildlife and the outdoors and is...

Web page updated on 21/05/2026

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