This Committee was established in November 1995 by the Financial Reporting Council (and sponsored in part by the London Stock Exchange, Confederation of British Industry, and Institute of Directors) to review matters arising from the Cadbury and Greenbury Committees and evaluate implementation of their recommendations.
The Committee declared at the outset that it would remain mindful of 'the need to restrict the regulatory burden on companies and to substitute principles for detail wherever possible', and disdained 'prescriptive box-ticking' in favour of highlighting positive examples of good practice. Finding that the balance between 'business prosperity and accountability' had shifted too far in favour of the latter, they decided that corporate governance was ultimately a matter for the board. If boards felt it was in the interests of enhancing 'prosperity over time' to have a unitary CEO and Chair, or not to put remuneration policy before the AGM for approval then that was their concern. Transparency was more important than adhering to any particular set of guidelines, and any shareholders unhappy with the board's management had the option of using their votes accordingly.
Source: The Cadbury Archive at Cambridge Judge Business School
Ilgili Dosyalar
| Dosya Adi | Dosya Boyutu | ||
 |
The_Hampel_Report.pdf | 450.07 KB | Indir |
