Bow Group paper contains recommendations on non-executive directors, remuneration committees, audit committees, separation of roles, training for directors and their contracts, reporting auditing and memo from Sir Adrian Cadbury.
Letter discusses the Merrett-Sykes paper about two classes of directors.
Expresses concern about tone and prescriptiveness of the report with regard to non-executive directors.
Also contains background to the Committee. Suggests the ToR should focus on financial aspects.
Letter advises Sir Adrian Cadbury of meeting where a wider remit was suggested and successfully argued against.
Extracts relate to communication of information to shareholders and delay in achieving voting rights.
Mainly focuses on remuneration of top directors. Includes a short paper making proposals to arrest corporate greed.
Reports a recommendation to add another industrialist to the Committee.
Presents the auditor's view. NOTE: implication that BG's behind the scenes work had been influential in setting up Committee.
Includes correspondence from an institutional investor and articles of association of Guinness.
Sets out what ASB would be happy for the Cadbury Committee to consider.
Paper sets out rules on professional conduct when 'opinion shopping' is an issue.
Letter suggests the components of Chairmans's remuneration should be identified in accounts.
Suggests more detail on issues to be addressed. Note, the article itself is missing i.e. 6 pages from the fax.
Letter sets out vision for presentation to the Committee about institutional shareholders, a discussion of the ABI paper on the Responsibilities of institutional shareholders.
Notes refer to role and responsibilities of non-executive directors of larger publicly quoted companies.
Refers to the Blue Arrow affair and role of non-executive directors.
The letter is a response to a request to give evidence. Areas for discussion: responsibilities of shareholders, independence of auditors, influence of analysts, information to be given in reports.The letter has a siginifcant number of handwritten comments in Sir Adrian's hand.
A contribution to the key issues for the Committee: roles of non-executive directors and shareholders; internal control systems; auditing appointments.
Paper proposes a single regulatory body, changing auditors ever 5 years and additional information to be included in corporate reports.
Comments on non-executive directors.
The invitation includes proposed conference programme.
Covering letter to recommend a book.
Considers the inclusion of an additional member of the Committee at Chief Executive or Chairman level.
Letter suggests approaching M & G to learn about their approach as an institutional investor.