The Cadbury Report, issued in 1992, laid the foundation for the principles of corporate governance in the UK, emphasizing the importance of non-executive directors, formal appointing processes, and accountability.
The Combined Code on Corporate Governance, also known as the Corporate Governance Code, sets out standards of good practice for governance practices in UK companies, focusing on board leadership, effectiveness, remuneration, accountability, and stakeholder relations.
Compliance in accounting and corporate governance refers to the adherence to laws, regulations, and internal controls that govern an entity's operations, ensuring legal and regulatory obligations are met.
Corporate governance refers to the system by which companies are directed and controlled, focusing on the structure and relationships that determine corporate performance and accountability.
A pivotal report on corporate governance issued in 1995 by a committee under Sir Richard Greenbury emphasizing executive remuneration and non-executive director involvement.
A report issued in 1998 by a committee under the chairmanship of Sir Ronald Hampel, reviewing the implementation of the Cadbury Code and the Greenbury recommendations and combining these into a new Corporate Governance Code.
A comprehensive analysis and publication on the role and effectiveness of non-executive directors, led by Sir Derek Higgs. The Higgs Report, alongside the Smith Report on audit committees, significantly influenced the Corporate Governance Code revisions in 2003.
In UK public companies, a committee of non-executive directors who decide the pay of executive directors.
An inquiry set up by the Financial Reporting Council (FRC) in 2011 to examine the reporting of liquidity risk and other factors that may threaten the viability of an entity as a going concern, triggered by the financial crisis of 2007-08.
A foundational report providing directors of UK listed companies with guidance on risk management, internal controls, and their obligations under the Corporate Governance Code.
