Essay upon Cadbury Statement

Cadbury Statement

0 0 REPORT

OF

THE

COMMITTEE

ON

0 0

THE

F INANCIAL A S i9000 P Electronic C To S

OF

C ORPORATE G OVERNANCE

1

PARA

C E M M E Ur

1992

0 0 REPORT

OF

THE

COMMITTEE

UPON

0 zero

THE

N INANCIAL A S L E C T T

OF

C ORPORATE G OVERNANCE

0 1992 The Committee on the Financial Areas of Corporate Governance and Gee and Co. Ltd.

Processing of this distribution in whole or in part is unrestricted for internal marketing communications within a given organisation. It really is otherwise controlled by permission which will not be refused but actually will attract a fair reproduction charge. A leaflet is available in the Publishers aiming full details of the level of the charge and once it is applicable.

First posted December 1992

ISBN 0 85258 913 1 (Report) ISBN zero 85258 915 8 (Report with Code of Best Practice)

Gee (a trademark Professional Creating Ltd) South Quay Plaza 183 Marsh Wall Greater london El4 9FS Freephone: (0800) 289520 Fax: (071) 537-2557

Printed in Great Britain by Burgess Science Press.

Queries and correspondence relating to the report should be resolved to: The Secretary Committee on the Economical Aspects of Corporate and business Governance Approximately 31 Decemher~ 1992 L. O. Package 433 Moorgate Place Birmingham EC2P 2BJ Tel: (07 I) 628-7060 ext. 2565 Fax: (071) 6281874

By 1 Ja/rrrar~y 1 on the lookout for 9 several c/o The London Stock market L u n m o and EC2N IHP Tel: (071) 797-4575 Fernkopie: (071) 4. 1~0: 6822

Additional replications of the statement may be from: Gee (a division of Professional Publishing Ltd) South Quay Plaza 183 Marsh Wall London El4 9FS Freephone: (0800) 289520 Fax: (071) 537-2557 Selling price: & IO. 00 per copy, together with a copy of the Code of Best Practice. The Code of Greatest Practice can also be purchased as a separate publication, price hambre. 00 per pack of ten.

SITE

PREFACE

9

11

A E

INTRO D llc1‘10 N 3rd there’s r EASONS

FOR SETTING UP THE

COMMITTEE

C ORPORATE

GOVERNANCE

R EPORT C O N Capital t E In T

T H E C EP?TRE

OF

W EST S R A C To I C E

WHO DIRECTED

Ai__

16

. -

C OMPANIES

C PSAUME P R I D C I actually P M E S S TATEMENT K EEPING

OF

CiL

UP TO DATE

COMPLIANCE C EP?TRE

THE

COMPLIANCE

T L E BOARD

_

20

__

N OARD At the F Farrenheit E C T I actually V At the N E S H T HE C They would A My spouse and i R M A N N Um N- EXEC P ROFESSIONAL DIRECTORS ADVICE

DIKECTORS' TEACHING B OARD S TRUCTURES T THIS INDIVIDUAL C OMPANY

AND

TECHNIQUES

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ADMIN

D IRECTORS ' RE SP ONSIBILITIES S TANDARDS N OMINATION 01: COMPANY N D U C T COMMITTEES

INTEKNAL Regulates AUDIT COMMITTEES INTEKNAL AU D I T W OARD Ur E M U D E L A Big t I To N

CONTENTS

PAGE

N INANCIAL 3rd there’s r E P O L T T R EPORTING P L A C T I C At the P ENSIONS G U V Electronic R D A In C At the 36 I actually MPORTANCE OF

AUDIT

S ROFESSIONAL O B L E C T I actually V I actually T Con ‘ QU A Ur A N T We N We N G' AUDIT L OTATION T AYS TO INCREASE OF BY

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AUDITORS

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TAXATION

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Electronic

SHAREHOLDERS A CCOUNTABILITY

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SUMMAKY OI' ~~liCOMMENl)A1‘IONS

53

54

CONTENTS

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A U G I T O Ur S ' LI A B I L My spouse and i T Sumado a: TH Electronic C A P A R U C A S E C ONTRIBUTORS AND

L ELEVANT P UBLISHED H T A T Elizabeth M E N To S

When our Committee was formed just over eighteen months ago, not our title nor each of our work program seemed presented to get the headers. In the event, the Committee has become the...