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Comply or explain is a ... The concept was first introduced after the recommendations of the Cadbury Report ... subject to the "comply or explain" principle. ...
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 the arrangement of company boards and accounting systems to mitigate corporate governance risks and failures.
At the same time it was emphasised by Cadbury that there was no such thing as "one size fits all". [6] In 1994, the principles were appended to the Listing Rules of the London Stock Exchange, and it was stipulated that companies need not comply with the principles, but had to explain to the stock market why not if they did not.
The Cadbury and Organisation for Economic Co-operation and Development (OECD) reports present general principles around which businesses are expected to operate to assure proper governance. The Sarbanes–Oxley Act, informally referred to as Sarbox or Sox, is an attempt by the federal government in the United States to legislate several of the ...
Shares in US chocolate maker Hershey have jumped by more than 10% after a report that Mondelez International, which owns UK-based Cadbury, has approached the firm about a potential buyout. A deal ...
King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names. Charles announced the second set of ...
The King has revoked Cadbury’s Royal Warrant, 170 years after it was first granted.. The renowned chocolate maker, which was a particular favourite of the late Queen – especially for its ...
The Report aimed to combine, harmonise and clarify the Cadbury and Greenbury recommendations. On the question of in whose interests companies should be run, its answer came with clarity. The single overriding objective shared by all listed companies, whatever their size or type of business is the preservation and the greatest practical ...