Cadbury Report
Encyclopedia
The Cadbury Report, titled Financial Aspects of Corporate Governance, is a report of a committee chaired by Adrian Cadbury
that sets out recommendations on the arrangement of company boards and accounting systems to mitigate corporate governance
risks and failures. The report was published in 1992. The report's recommendations have been adopted in varying degree by the European Union
, the United States
, the World Bank
, and others.
Adrian Cadbury
Sir George Adrian Hayhurst Cadbury is a former British Olympic rower and Chairman of Cadbury and Cadbury Schweppes for 24 years. He has been a pioneer in raising the awareness and stimulating the debate on corporate governance and produced the Cadbury Report, a code of best practice which served...
that sets out recommendations on the arrangement of company boards and accounting systems to mitigate corporate governance
Corporate governance
Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a company is controlled...
risks and failures. The report was published in 1992. The report's recommendations have been adopted in varying degree by the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
, and others.
Background
Sridhar Arcot and Valentina Bruno in their article called 'In Letter but not in Spirit: An Analysis of Corporate Governance in the UK' explain the background to the Cadbury Committee.See also
- Combined CodeCombined CodeThe UK Corporate Governance Code 2010 is a set of principles of good corporate governance aimed at companies listed on the London Stock Exchange. It is overseen by the Financial Reporting Council and its importance derives from the Financial Services Authority's Listing Rules...
- Hampel ReportHampel ReportThe Hampel Report in 1998 was designed to be a revision of the corporate governance system in the UK. The remit of the committee was to review the Code laid down by the Cadbury Report . It asked whether the code's original purpose was being achieved. Hampel found that there was no need for a...
(1998) - Turnbull ReportTurnbull ReportInternal Control: Guidance for Directors on the Combined Code also known as the "Turnbull Report" is a report drawn up with the London Stock Exchange for listed companies. The committee which wrote the report was chaired by Nigel Turnbull of The Rank Group plc...
(1999) - Higgs Report (2003)
- Smith ReportSmith ReportThe Smith Report was a report on corporate governance submitted to the UK government in 2003. It was concerned with the independence of auditors in the wake of the collapse of Arthur Andersen and the Enron scandal in the US in 2002...
(2003) - Corporate GovernanceCorporate governanceCorporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a company is controlled...
- King Report on Corporate GovernanceKing Report on Corporate GovernanceThe King Report on Corporate Governance is a ground-breaking code of corporate governance in South Africa issued by the King Committee on Corporate Governance. Three reports were issued in 1994 , 2002 , and 2009 . Compliance with the King Reports is a requirement for companies listed on the...
- Treadway Commission in the United States