The Cadbury Report, issued in 1992, laid the foundation for the principles of corporate governance in the UK, emphasizing the importance of non-executive directors, formal appointing processes, and accountability.
A code of best practice in corporate governance that outlines expected standards for UK's listed companies, originally issued with the Hampel Report of 1998.
A pivotal report on corporate governance issued in 1995 by a committee under Sir Richard Greenbury emphasizing executive remuneration and non-executive director involvement.
A comprehensive analysis and publication on the role and effectiveness of non-executive directors, led by Sir Derek Higgs. The Higgs Report, alongside the Smith Report on audit committees, significantly influenced the Corporate Governance Code revisions in 2003.
An independent director, also known as an outside director, is a member of a company's board of directors who does not have a material or financial relationship with the company or related entities, apart from receiving a director's fee, and does not own shares in the company. Independent directors are considered better suited to provide impartial judgment and governance.
In UK public companies, a committee of non-executive directors who decide the pay of executive directors.
An influential report focused on defining and guiding the role of audit committees, published under Sir Robert Smith in 2003 alongside the Higgs Report on non-executive directors, shaping subsequent revisions to the Corporate Governance Code.
A governance structure utilized by some large organizations, involving both a board of management and a supervisory board, designed to enhance corporate governance.
