4 items, ordered by date.
1. Letter, dated 23 August 1993, from Paul Richards, Institute of Investment Management and Research
Letter comments on the confusion between executive/non-executive directors, their independence and how that is counted if they are also Chairman.
2. Letter, dated 7 September 1993, from Dermot de Trafford, Institute of Directors
Author sends his comments on agenda items for Committee meeting, namely, 1 – extending the Code to large private companies, including extending the Code to smaller listed companies and comments on terminology for executive and non-executive directors.
The file also includes a copy of CAD-01327. It seems the documents for the 9 September meeting were sent out with copies of Coopers & Lybrand report (CAD-01327), the Auditing Practices Board drafts ‘Disclosure relating to corporate governance & interim financial, the Working Party on Internal Control document on guidance for directors information and accompanying letter.
4. Minutes of Committee meeting held on 9 September 1993
Matters reported include extending the application of the Code to large private companies, and possible extension to smaller companies, progress of monitoring sub-committee and their work, rolling contracts, terminology for directors.