1992

51. Letter, dated 30 June 1992, from Jane E Lyon, Union of Independent Companies.

Comments on the application of the code to smaller companies.

52. Letter and comments, dated 30 June 1992, from Tim Knowles.

Comments on non-executive directors, financial reporting, auditing and institutional shareholders.

53. Correspondence, dated July / August 1992 between Sir Adrian Cadbury and Tony Hirst, Association of Independent Museums.

Hirst expresses concern about the suggestion that non-executive directors should only serve on one board.

54. Letter, dated 1 July 1992, from AR Threadgold, POSTEL.

Comments on separation of roles of Chairman and Chief Executive, independent non-executive directors and directors service contracts and the independence of auditors.

55. Comments on the draft report of the Cadbury Committee on the Financial Aspects of Corporate Governance by the Law Society, July 1992. w

Legal Practice Directorate Memorandum no. 271. It comments on the application of the code to smaller companies.

56. Draft letter about publication of final report, July 1992.

Reviews commercial publishing options generally and mentions publishing the code separately.

57. Letter, dated 2 July 1992, from JJLG Sheffield, Norcros.

Comments on potential for two-tier boards, non-executive directors entitlement to take independent professional advice, internal control systems and going concern.

58. Letter, dated 2 July 1992, from DS Mitchell, ICSA and proposals to be debated by the Institute with handwritten note by Nigel Peace.

An invitation to make a presentation about the draft report to an evening meeting open to all company secretaries.

59. Letter, dated 3 July 1992, from AC Bryant, Bryant Group.

Comments on non-executive directors vs directors and audit committees.

60. Letter, dated 3 July 1992, from Dermot Glynn, NERA and presentation, dated June 1992.

Includes a paper on European accounting, audit independenc and regulation.

61. Letter, 5 July 1992, from AL Hempstead.

Comments on lack of audited accounts for a fund managed by the Nationwide Building Society.

62. Letters, 6 July 1992, from ICSA , extract from Administration and letter from Joanthan Charkham, Bank of England.

Comments on the role of the company secretary in corporate governance and directors' access to information.

63. Memo, dated 6 July 1992, and summary of audit trustee proposal by AJ Merret and Allen Sykes with comments by Price Waterhouse.

Suggests appointing an 'audit trustee' appointed by lenders and creditors rather than the board.

64. Letter, 7 July 1992, from RJ Alexander, London and Manchester Group plc.

Author suggests that an 'Appointed Accountant' with responsibility for preparing financial reports, should be employed.

65. Letter, 7 July 1992, and comments from TJ Grove.

Comments on appearing to be written with best interests of directors, and aspects of auditing.

66. Letter, 7 July 1992, from Swiss Bank Corporation.

Comments on the delegation of powers by the board to the subcommittees.

67. Letter, 7 July 1992, from John Lavery and Simon Pallett, Newcastle upon Tyne Polytechnic.

Comments on self-regulatory approach, separation of roles of Chairman and Chief Executive and non-executive directors, directors' remuneration and financial reporting.

68. Letter, 7 July 1992, from Dr Victor Studentsov.

Letter requests a copy of the draft report.

69. Letter, 8 July 1992, from DEF Green.

Comments on independence of auditors, audit committees and non-executive directors.

70. Letter, 8 July 1992, from Michael Jackaman, Allied Lyons plc.

Letter informs that Allied Lyons complies with the code although the appointmentof non-executive directors is informal and would prefer a voluntary code.

71. Letter, 8 July 1992 from AG Biggart.

Comments on involvement of non-executive directors in strategic direction of companies.

72. Letter, dated 9 July 1992, from Marlene Winfield of the Public Interest Research Centre and enclosure of Social Audits' 'minding your own Business' [missing].

Comments mostly on the role of employees.

73. Letter, 9 July 1992, from Stanley Kalms, Dixons.

Warns against a prescriptive approach, that effectively promotes two-tier boards.

74. Letter, 10 July 1992, from Anthony Habgood, Bunzl.

Comments on implications of widening the pool for non-executive directors, audit committees and accounting standards, different board structures.

75. Letter, 10 July 1992, from NC Kelleway, Rikard Keen & Co.

Comments on auditing, complying with a code of best practice, non-executive directors, internal control systems and going concern recommendations.