Successor body to Committee on the Financial Aspects of Corporate Governance

11 items, ordered by date.

1. Issues for the Committee’s successor body, 30 November 1994 and Sarah Brown’s response to enquiries about progress in implementing 3 recommendations in [the Cadbury] report

Highlights issues for a successor body, namely, research into compliance, research funding and recommended amendments to the Companies Act. Sarah Brown’s letter deals with directors’ service contracts, fees paid to audit firms for non-audit work, protection for auditors reporting fraud.

2. Letter from PJ Butler, KPMG Peat Marwick, 10 July 1992

Letter supports Sir Adrian remaining as figurehead to deal with matters arising in following 2 years.

3. Letter to Sydney Treadgold from Gina Cole about successor body, 18 October 1994, including paper on research and issues for a successor body

Includes full details of membership and sponsorship to date, in addition to listing issues for the successor body and the work of the sub-committee monitoring compliance.

4. Correspondence between Sir Sydney Lipworth and Sir Adrian Cadbury, November 1994 concerning successor body and including paper on successor body

Sir Adrian states wishes to retire as Chairman and discusses membership, sponsorship and possible issues for the successor body. Includes FRC(94)49.

5. Fax to Sir Adrian Cadbury from Gina [Cole], 3 November 1994

Preliminary to the meeting of the Financial Reporting Council which will discuss a successor body to the CFACG.

6. Paper entitled ‘Successor to the Cadbury Committee’ FRC(94)49 and covering letter 15 November 1994

The paper sets out possible terms of reference and the issues the successor body could address.

7. Letter, dated 21 February 1995, from Alan MacDougall, PIRC, and reply from Sir Adrian Cadbury, 9 March 1995, to Anne Simpson, PIRC

Contains arrangements for AC to speak at PIRC conference and guidance on ‘independence’ of directors and its relationship with compliance with the Code.

8. Letter, dated 22 February 1995, and meeting note from SW Treadgold, Financial Reporting Council

Meeting concerns the need for a successor committee, who will sponsor it, including dealing with remit, membership and financing.

9. Memo and briefing for Chairman for Committee Meeting 7 March 1995, dated 3 March 1995

Mentions a request for Sir Adrian Cadbury to speak in Liverpool, articles appearing in the FT on 27 February 1995, and meeting with DTI on 7 March.

10. Minutes of meeting held on Tuesday 7 March 1995

Topics covered include: successor body, independence of directors and the draft report on monitoring.

11. File contains mainly press notices and articles from late 1995

Also included are some responses to a questionnaire seeking opinions on topics for review.