76. Handwritten letter, 10 July 1992, from WH Melly.
Comments on employee shareholders, directors pay-offs and pension funds.
77. Letter, 10 July 1992, from CM Stuart.
Comments on non-executive directors roles, internal control systems, the role of auditors.
78. Letter from PJ Butler, KPMG Peat Marwick, 10 July 1992.
Letter supports Sir Adrian remaining as figurehead to deal with matters arising in following two years.
79. Letter, 11 July 1992, from Ian J Mitchell.
Comments on information for the small shareholder, going concern and extended comments on take-overs and fraud.
80. Letter, 13 July 1992, from Gerard Howe, Howe Associates.
Comments on distinctions between executive and non-executive directors, compliance with the code, separation of roles and board appointments, committees, directors remuneration, auditors and other services to organisations.
81. Letter, 13 July 1992, from Sir George Russell, Marley plc.
Comments on differentiation between executive and non-executive directors, access to independent advice, and communication with shareholders.
82. Letter, 13 July 1992, from RM Head, BPB Industries.
Comments on the role of the Company Secretary, achieving effective governance, potential two-tier boards, remuneration committees, audit committees, financial reporting and going concern.
83. Letter, 13 July 1992, from DE Reid, Tesco plc.
Comments on non-executive directors, the separation of roles of Chairman/Chief Executive, audit committess and auditing and financial reporting.
84. Letter, 14 July 1992, from JBH Jackson.
Comments from his perspective of 'professional chairman' and strongly in favour of unitary boards.
85. Letter and comments, dated 14 July 1992, from Allen Sykes.
Comments on the need for independent directors, institutional investors.
86. Letter, 14 July 1992, from John Salter, Denton Hall Burgin & Warrens.
Comments that a Cadbury 2 Committee is needed to consider enviornmental management systems.
87. Letter, dated 14 July 1992, to the Editor of the International Financial Law Review.
Letter refutes the claim that non-executive directors should only hold one such directorship.
88. Letter, dated 14 July 1992, to the Editor of the Sunday Telegraph, from Sir Adrian Cadbury.
Letter refutes the claim that non-executive directors should only hold one such directorship.
89. Letter, 14 July 1992, from Brian Houlden, Warwick Business School.
Comments that there is no need for additional legislation and on areas outside the Committee's Terms of reference. Includes an excerpt from Reed International Annual Report and the FT, 26 June 1992.
90. Letter, 15 July 1992, from HS Axton, Brixton Estate plc.
Comments on board structures, internal control systems, enhanced disclosure in interim reports and going concern requirement.
91. Letter, 15 July 1992, from Sir Colin Southgate, Thorn EMI plc.
Comments on the tone which suggests no director is to be trusted only non-executive directors.
92. Letter, 15 July 1992, from Sir Colin Corness, Redland plc.
Comments on position of auditors, potential to create two-tier boards, number of non-executive appointments and on the Code of Best Practice. Includes original and photocopy.
93. Letter, 15 July 1992, from Graham Nicholson addressed to the President of ICSA.
Comments on the code only applying to holding companies.
Financial Reporting Council comments on the draft report and includes 2 commenting letters and earlier ones. It also makes suggestions on how to alter the text while commenting on the auditors role, non-audit fees of the auditor.
95. Extract from IFMA Update, 16 July 1992.
Comments that the Code of Best Practice may not be practicable for small companies and there is too clear a distinction between executive and non-executive directors.
96. Draft response of ICAEW, dated 16 July 1992.
Comments on voluntary approach, timing of implementation of compliance, which companies it should be applied to, auditor endorsement, costs, executive and non-executive directors and auditing. Detailed comments are included for some paragraphs.
97. Letter, 16 July 1992, from Gary Allen, IMI plc.
Comments on responsibilities of directors and potential for two-tier boards, non-executive directors, access to independent advice and the role of the auditors.
98. Letter, 17 July 1992, from New Bridge Street Consultants and comments.
Comments on the calibre of non-executive directors, their remuneration and selection, the role of the board, committees of the board, independent advice and auditing.
99. Letter, 17 July 1992, from Law Society of Scotland.
Broadly welcomes the draft report, while believing the code should be applied to all companies.
100. Letter, 20 July 1992, from the General Electric Company, plc.
Comments on non-executive directors and the effectiveness of the board, audit committess, expanded disclosure in interim results and changing auditors.