The Cadbury Report

The Cadbury Report, published in 1992 in the UK, addressed corporate governance, which involves how companies are directed and controlled. It highlighted the importance of a clear separation between a company’s board of directors and its management to prevent conflicts of interest. The report recommended practices like having independent non-executive directors, establishing audit committees, and ensuring transparency in financial reporting. Its principles aimed to improve accountability and restore public trust in businesses, especially following financial scandals. The Cadbury Report has greatly influenced corporate governance practices worldwide.