Cadbury Report
The Cadbury Report, published in 1992 in the UK, addressed corporate governance and aimed to improve transparency and accountability in companies. It was triggered by financial scandals and recommended best practices for board structures, emphasizing the importance of having independent directors and clear roles for the chairman and CEO. It also advocated for proper financial reporting and audit processes. The report laid the groundwork for later governance frameworks, influencing policies worldwide to enhance investor confidence and protect stakeholders' interests, thereby encouraging ethical business practices.
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The Cadbury Report, published in 1992 in the UK, addressed concerns about corporate governance after financial scandals. It emphasized the importance of clear roles for company boards, with a focus on the balance between the roles of the chairman and the CEO to prevent too much power being concentrated in one person. The report also highlighted the need for independent directors, effective audits, and transparent financial reporting to protect shareholders and promote accountability. Its guidelines helped shape modern corporate governance standards, influencing practices in many countries and leading to stronger oversight in businesses.