Two-tier and unitary boards

15 items, ordered by date.

1. Handwritten notes entitled: Issues raised at PW [Price Waterhouse] debate, undated

Covers 2-tier boards, audit committees, independence of non-executive directors.

2. Letter, dated 12 July 1992, from JP Charkham, Bank of England

Letter discusses the Merrett-Sykes paper about 2 classes of directors.

3. Correspondence from Ron Dearing, Financial Reporting Council, including responses to the draft report from ICAEW, Rowena Mills Associates, Delta plc and Sears plc between 1 May 1992 and 23 July 1992

Includes comments on differentiation between executive and non-executive board members, role of auditors and non-audit fees. Memo from Nigel Peace included.

4. Address to the Annual Conference of the Institute of Chartered Accountants in England and Wales, Eastsbourne 25-27 June 1992, The role of Directors by Graham Corbett

This is a workshop exercise on the role of the directors in Eurotunnel delivered at the ICAEW conference. It is used to comment on unitary boards, separation of roles of Chairman and Chief Executive, non-executive directors and institutional investors.

5. 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.

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

Warns against a prescriptive approach, that effectively promotes 2-tier boards.

7. 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.

8. Letter, 15 July 1992, from Sir Colin Corness, Redland plc

Comments on position of auditors, potential to create 2-tier boards, number of non-executive appointments and on the Code of Best Practice. Includes original and photocopy.

9. Letter, 16 July 1992, from Gary Allen, IMI plc

Comments on responsibilities of directors and potential for 2-tier boards, non-executive directors, access to independent advice and the role of the auditors.

10. Letter, 20 July 1992, from Andrew Robb, Pilkingon plc

Comments on potential 2-tier boards, non-executive directors, auditing.

11. Letter, dated 29 July 1992, from David Jinks, Cadbury Schweppes

Comments on potential for 2-tier boards, enforcement, involvement of investors, various aspects of auditing, going concern and disclosure of directors’ remuneration.

12. Letter, dated 31 July 1992, from Maureen Howe, Legal and General, and response to the draft code

Welcomes the code and comments with concerns about possible 2-tier board and time-limited contracts for non-executives.

13. Letter, dated 31 July 1992, from Sir Richard Greenbury

Letter comments on board structure, especially unitary boards, the duties of directors to shareholders and the responsibilities of the external auditors.

14. Letter, dated 10 August 1992, and comments from IL Rushton, ABI

Comments on issues of compliance and its enforcement. It also includes detailed comments by paragraph on non-executive directors, various aspects of boards, committees, financial reporting, auditing and shareholders.

15. Letter from Nigel Peace, DTI, 12 September 1994 about aspects of company law

Nigel gives the context to answer the query about 2-tier boards which would be theoretically possible with directors having specified responsibilities.