| gen. |
administration of a business (Alexander Demidov); corporate governance (The manner in which organizations, particularly limited companies, are managed and the nature of accountability of the managers to the owners. This topic has been of increased importance since the publication of the Cadbury Report (1992), which set out guidance in a Code of Practice (the Cadbury Code). There is now a stock-exchange requirement for listed companies to state their compliance with this Code. In particular, the Cadbury Report issued guidelines separating the roles of the chairman of a company and its chief executive, in order to reduce the power of one director. A wider role was also given to non-executive directors. OB&M Alexander Demidov) |
