Ethics and corporate governance: The issues raised by the Cadbury report in the united kingdom [Book Review]

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)
DOI 10.1007/BF00705585
Options
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 29,820
Through your library
References found in this work BETA

Add more references

Citations of this work BETA

Add more citations

Similar books and articles
Added to PP index
2009-01-28

Total downloads
67 ( #85,030 of 2,210,226 )

Recent downloads (6 months)
4 ( #126,423 of 2,210,226 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature