You will prepare and submit a term paper on Corporate Governance and Revised Combined Code. Your paper should be a minimum of 1250 words in length.

You will prepare and submit a term paper on Corporate Governance and Revised Combined Code. Your paper should be a minimum of 1250 words in length. This was damaging both to the British economy and to the City of London as a market for investors. This series of situations prompted the Stock Exchange to launch the Cadbury Inquiry into the financial aspects of corporate governance in 1990. Corporate governance had become important.

The Cadbury Committee Report of December 1992 defines corporate governance (CG) as 'a system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that the appropriate governance structure is in place.' The Higgs Report, 10 years later, however, defined CG as, 'a system that provides an architecture of accountability - the structures and processes to ensure companies are managed in the interests of their owners.' The OECD Report of April 1998 provides an international view of corporate governance. It says that 'Corporate governance comprehends that structure of relationships and corresponding responsibilities among a core group consisting of shareholders, board members and managers are best designed to foster the competitive performance required to achieve the corporation's primary objective.