Ethics and corporate governance: The issues raised by the Cadbury report in the united kingdom [Book Review]
Graduate studies at Western
Journal of Business Ethics 15 (2):167 - 182 (1996)
|Abstract||In the late 1980s there was a series of sensational business scandals in the United Kingdom. There was particular public outrage at the plundering of pension funds by Robert Maxwell, at the failure of auditors to expose the impending bankruptcy of the Bank of Credit and Commerce International, and at the apparently undeserved high pay raises received by senior business executives. The City of London responded by creating a special committee to examine the financial aspects of corporate governance. This paper describes the resulting Code of Best Practice produced by the Cadbury Committee. To reduce the power of executive directors in the boardroom the Code recommends a greater role for non-executive directors, changes in board operations, and a more active role for auditors. The paper reviews the various published reactions to the Cadbury Report, and concludes that the Code is unlikely to halt the incidence of business scandals in the United Kingdom.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
José-Luis Fernández- Fernández (1999). Ethics and the Board of Directors in Spain: The Olivencia Code of Good Governance. [REVIEW] Journal of Business Ethics 22 (3):233-247.
A. L. Minkes, M. W. Small & S. R. Chatterjee (1999). Leadership and Business Ethics: Does It Matter? Implications for Management. [REVIEW] Journal of Business Ethics 20 (4):327 - 335.
J. Félix Lozano (2000). The Spanish Code for Good Corporate Governance (Olivencia Report): An Ethical Analysis. [REVIEW] Journal of Business Ethics 27 (1-2):175 - 180.
Chris Bart (2004). The Governance Role of the Board in Corporate Strategy: An Initial Progress Report. International Journal of Business Governance and Ethics 1 (s 2-3):111-125.
Lawrence A. Hamermesh, Preliminary Report of the American Bar Association Task Force on Corporate Responsibility.
Christopher J. Cowton (1987). Corporate Philanthropy in the United Kingdom. Journal of Business Ethics 6 (7):553 - 558.
G. J. Rossouw, A. van der Watt & D. P. Malan Rossouw (2002). Corporate Governance in South Africa. Journal of Business Ethics 37 (3):289 - 302.
Mark S. Schwartz, Thomas W. Dunfee & Michael J. Kline (2005). Tone at the Top: An Ethics Code for Directors? [REVIEW] Journal of Business Ethics 58 (1-3):79 - 100.
Olufemi Amao & Kenneth Amaeshi (2008). Galvanising Shareholder Activism: A Prerequisite for Effective Corporate Governance and Accountability in Nigeria. [REVIEW] Journal of Business Ethics 82 (1):119 - 130.
José-Luis Fernández-Fernández (1999). Ethics and the Board of Directors in Spain: The Olivencia Code of Good Governance. Journal of Business Ethics 22 (3):233 - 247.
Added to index2009-01-28
Total downloads42 ( #31,808 of 739,697 )
Recent downloads (6 months)1 ( #61,778 of 739,697 )
How can I increase my downloads?