The Cadbury Report (Committee on the Financial Aspects of Corporate Governance) was published in December 1992 with a further Financial Reporting Council study in June 1995.
The Cadbury Report (Committee on the Financial Aspects of Corporate Governance) was published in December 1992 with a further Financial Reporting Council study in June 1995.
The former reported on the "propriety" of corporate governance particularly public, quoted companies. It argued for
clearly accepted division of responsibilities at the head of a company, which will ensure a balance of power and authority, such that no individual has unfettered powers of decision.
This reflects UK practice historically where the Chief Executive's and Chairman's position are held by two people. The Chairman chairs the Board and oversees external communications: with large investors and government, presenting the corporation's public face etc. The CEO attends to executive and operational aspects - coordinating the work of other executive directors and running the company internally.
This separation is a common UK model whereas the North America model tends to position one person in a combined role.
Various questions are raised by Roger Buckland and Michael Doble
