Confederation of British Industry

5 items, ordered by date.

1. Confidential: PC 26 91 memo to the President’s Committee for the meeting on 3 June 1991, including summary of a discussion document. Faxed 5 June 1991

This refers to a Statement of Best Practice published by the Institutional Shareholders’ Committee and the ABI. It sets out key points, while asking the Committee to consider response to the ABI discussion document.

2. Correspondence relating to CBI Steering Group on Corporate Governance meeting on 25 June 1991

Comprises letter, agenda, list of corporate governance steering group members and Sir Adrian’s handwritten notes for his report.

3. CBI response to the Cadbury Committee draft report on the financial aspects of corporate governance, PC 27 92, 20 July 1992

Comments in detail on sections of the draft report, approving the self regulation approach, questioning statements of compliance requirement, commenting on the role of non-executive directors, remuneration, auditing and shareholders’ role.

4. Letter, dated 31 July 1992, from Howard Davies, CBI and a detailed CBI response to the draft report

Includes summary of CBI response (13 points) and the full response under headings such as statement of compliance, review of code, board structures, separation of roles, non-executive directors, directors’ remuneration, auditing and going concern. Also includes the draft response before approval by the CBI Council.

5. Letter, dated 25 October 1993, from Howard Davies and paper (C 66 93)on financial reporting and governance, endorsed by the CBI Council

The paper sets out the many recent reforms in financial reporting and auditing practices. It supports the Cadbury proposals but calls for more coordination and consistency between the various bodies with a role in financial reporting and auditing.