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Aspects of this code were revised in 2004 by the Financial Reporting Council, who considered the impact of internal control and whether it needed to be updated.
Financial reporting was not seen as being a truthful representation of a company's position after the major scandals. This caused people to be distrustful of the documents and the people responsible for the creation of those documents. In an attempt to combat this, the Cadbury Report was set up in 1992, led by Sir Adrian Cadbury. It outlined recommendations concerning boards of directors (such as the separation of the role of chief executive and chairman, selection processes for non-executive directors and a balanced composition of members); financial reporting and the need for good internal controls...
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Common topics in this essay:
- "Good Corporate Governance-Its Importance For Banks And Challenges"
- B&W Corporate Governance
- CORPORATE GOVERNANCE IN
- Corporate Governance in the UK
- Corporate Governance
- Corporate Governance
- Corporate Governance
- Corporate Governance
- Corporate Governance
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- Corporate Governance
- Good Corporate Governance
- The Board, The Executive and Good Corporate Governance
- Toyota: An example of “good” corporate governance
- corporate governance
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