The Greenbury Report released in 1995 was the product of a committee established under the auspices of the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
Confederation of British Industry
The Confederation of British Industry (CBI) is a UK business organisation, which in total claims to speak for 190,000 businesses, this is made up of around 1,500 direct members and 188,500 non-members. The non members are represented through the 1 ...
. The committee was formed at the behest of the President of the Board of Trade,
Michael Heseltine
Michael Ray Dibdin Heseltine, Baron Heseltine, (; born 21 March 1933) is a British politician and businessman. Having begun his career as a property developer, he became one of the founders of the publishing house Haymarket. Heseltine served a ...
, as a result of several scandals in the early 1990s. It followed in the tradition of the
Cadbury Report
The Cadbury Report, titled ''Financial Aspects of Corporate Governance'', is a report issued by "The Committee on the Financial Aspects of Corporate Governance" chaired by Sir Adrian Cadbury, chairman of Cadbury, that sets out recommendations on ...
and addressed a growing concern about the level of
director remuneration. The modern result of the report is found in th
UK Corporate Governance Codeat section D.
Committee Members
Sir Richard Greenbury, Chairman & CEO, Marks and Spencers.
Sir David Chapman Partner, Wise Speke Stockbrokers.
Sir Michael Angus, Chairman, Boots/Whitbread.
Sir Denys Henderson, Chairman, Rank Organisation.
Mr Geoff Lindey, JP Morgan.
Mr Tim Melville-Ross, Director general, Institute of Directors.
Mr George Metcalfe Chairman & CEO, UMECO.
Sir David Simon, Chairman, BP.
Sir Iain Vallance, Chairman, BT.
Mr Robert Walther, CEO, Clerical Medical.
Sir David Lees Chairman, GKN.
See also
*
UK Corporate Governance Code
The UK Corporate Governance code, formerly known as the Combined Code (from here on referred to as "the Code") is a part of UK company law with a set of principles of good corporate governance aimed at companies listed on the London Stock Exchang ...
(2012)
*
Cadbury Report
The Cadbury Report, titled ''Financial Aspects of Corporate Governance'', is a report issued by "The Committee on the Financial Aspects of Corporate Governance" chaired by Sir Adrian Cadbury, chairman of Cadbury, that sets out recommendations on ...
(1992)
*
Hampel Report
The Hampel Report was designed to be a revision of the corporate governance system in the UK. The remit of the committee was to review the Code laid down by the Cadbury Report (now found in the Combined Code). It asked whether the code's original p ...
(1998)
*
Turnbull Report
''Internal Control: Guidance for Directors on the Combined Code'' (1999) also known as the "Turnbull Report" was a report drawn up with the London Stock Exchange for listed companies. The committee which wrote the report was chaired by Nigel Turnb ...
*
Higgs Report
''Review of the role and effectiveness of non-executive directors'' (or the "Higgs review") was a report chaired by Derek Higgs on corporate governance commissioned by the UK government, published on 20 January 2003. It reviewed the role and effect ...
(2003)
*
Smith Report
The Smith Report was a report on corporate governance submitted to the UK government in 2003. It was concerned with the independence of auditors in the wake of the collapse of Arthur Andersen and the Enron scandal in the US in 2002. Its recommen ...
(2003)
Notes
External links
Full text of the combined code 2006
Full text of the combined code 2003* The Financial Services Authority
Listing Rules
The Listing Rules (LR) are a set of regulations applicable to any company listed on a United Kingdom stock exchange, subject to the oversight of the Financial Conduct Authority (FCA). The Listing Rules set out mandatory standards for any company wi ...
br>
onlineand i
pdf format under which there is an obligation to comply with the Combined Code, or explain why it is not complied with, under LR 9.8.6(6).
* The
Financial Reporting Council
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and ...
'
website
1995 in the United Kingdom
Reports on finance and business
1995 in economics
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