Corporate Governance and Chairmanship: A Personal View

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OUP Oxford, Oct 3, 2002 - Business & Economics - 280 pages
Corporate governance has become a major issue in business over the last decade. Adrian Cadbury has played a central role in developing policies, good practice, and our understanding of the complex issues involved. In 1992 he chaired the committee, sponsored by the Bank of England, whose Report on the Financial Aspects of Corporate Governance (commonly known as the 'Cadbury Report') put issues of corporate governance on the map. Ten years on, Cadbury now reflects on issues of corporate governance and chairmanship drawing on his own business and policy-making experience. In the book, he discusses and explains the central issuse of corporate governance; provides practical advice to chairmen and directors on their roles and responsibilities; and surveys the major codes of practice that have been developed in the last decade. He also considers the implications of the current review of company law and speculates on the implications of electronic developments for shareholders' voice and voting, the extent of a company's social responsibility, and the changing relationship between boards, managers, and investors. This book is both an informed commentary and a practical guide. Cadbury's insights will prove essential reading for anybody taking on senior roles in companies and other public organizations, and will provide well-grounded analysis for management academics, students, and advisers.
 

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Contents

Foreword
Preface
Acknowledgements
IThe Genesis of Corporate Governance
2Code Consequences for UK Boards
3The Board Task
4Board Membership
5The Chairman and Board Structure
8The Chairman and the Top Team
9Representing the Company
10Corporate Social Responsibility
11Issues for Chairmen
12The Governance Agenda
13Summingup
AppendixThe Character of the Company
Bibliography

6Taking the Chair
7

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About the author (2002)

Adrian Cadbury is Chancellor of the University of Aston. From 1969-74 he was Deputy Chairman and Managing Director of Cadbury Schweppes before becoming Chairman in 1975. In 1992 he chaired the committee, sponsored by the Bank of England, whose Report on the Financial Aspects of Corporate Governance (commonly known as the 'Cadbury Report') put issues of corporate governance on the map. Amongst many positions held, he has been Director of the Bank of England (1970-94); Director of IBM UK Ltd (1975-94); Director of the National Exhibition Centre (1989-present); Chairman of the West Midlands Economic Planning Council (1967-70); Chairman of the Economic and Financial Policy Committee (1974-80); and Chairman of Promotion of Non-Executive Directors (1984-present). He was made a Freeman of the City of Birmingham in 1982 and was High Sheriff of the West Midlands from 1994-5.

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