101. Note of meeting with Mr John Stevenson on 1 October 1991
The focus of the meeting was the independence of auditors, Mr Stevenson is the retired technical partner of Touche Ross. Sir Adrian's handwritten notes from the meeting are attached.
102. Letter from Mrs SE Brown, DTI, 1 October 1991
Administrative letter.
103. Letters from Howard D Sherman, Institutional Shareholder Services, October 1991
Letters refer to a service Institutional Shareholder Services is developing.
104. Letter, dated 1 October 1991, from Simon Blunt about service contracts for directors.
Letter expresses concerns about contracts granted to directors.
Refers to service contracts for directors.
Confidential paper, with very limited circulation, comments on institutional investors and non-executive directors, remuneration and auditors.
107. Letter, 2 October 1991, from Sir Denys Henderson, ICI
Letter refers to recommendations by institutions on corporate governance and highlights lack of sanctions for codes of conduct and possible conversation about the role of Chairman.
108. CBI Birmingham dinner party guest list for 2 October 1991.
Lists guests and their companies.
109. Letter from Andrew H Simon, Evode Group plc, 3 October 1991
Letter concentrates on various committees within a company and a responsible attitude being adopted by institutional shareholders.
Sets the background to interest by the Institute.
112. Record of meeting with Mr David Fifield on 3 October 1991
Evidence concentrates on short-termism.
The copies concentrate on ethics in business and a supporting code, performance monitoring and communications with shareholders.
114. Letter from Professor Henry T.C. Hu, University of Texas at Austin, 9 October 1991
Highlights two US articles about the principle that a corporation is run for the benefit of its shareholders.
Typescript outline speaking notes of 18 points.
Submisson concentrates on communication between companies and their shareholders, reporting on intangible assets and non-executive directors.
117. Letter, dated 16 October 1991, from Sir David Lees, GKN plc
Letter comments on the number of non-executive directorships held.
118. Letter, 17 October 1991, from Mercury Asset Management
Letter comments on companies' performance and ineffective boards.
119. Letter, dated 22 October 1991, to PRONED,
Letter mentions the number of non-executive director posts held and the roles of non-executive directors.
120. Letter from JP Charkham to Sir Adrian Cadbury, 25 October 1991
Letter introduces Richard Greenbury and his wish to give evidence.
AC Hugh Smith agreed to co-opting Sir Christopher Hogg on to the Committee. Also includes handwritten notes in preparation for or taken at the meeting with Chris Hogg.
122. Letter, dated 28 October 1991, from Simon Jenkins, The Times
Letter sets out personal views on the role of non-executive directors.
123. Letter and submission from the Society of Investment Analysts, 29 October 1991
The submission covers the composition of the Board e.g. Separate Chairman and Chief Executive, non-executive directors; qualitative and quantitative financial reports, importance of non-executive directors, external auditors and audit committees.
124. Letter, dated 29 October 1991, from Ewan Macpherson, Smith & Williamson
Letter gives his view on roles and responsibilites of non-executive directors including remuneration committees.
125. Proposals on auditors, dated 31 October 1991.
This typewritten note summarises comments on auditors by four people: Austin Mitchell, Marjorie Mowlam, James Leek and Brandon Gough.