ACCA《公司治理,風(fēng)險管理及職業(yè)操守》知識點:公司治理背景
Corporate Governance Background-Cadbury report
Robert Maxwell
1)Risky Acquisition-high debt situation
2)Financing 440 Million GBP from pension fund
3)Exposure -after Robert Maxwell death
4)1992 Maxwell filed bankruptcy protection in UK & US → Governance Failure
Adrian Cadbury :Chair a committee
Investigate British Corporate Governance System
Suggest improvement & restore investor confidence
Cadbury report provide guidance for UK listing company
Highly recognized in UK
Publish,in Nov 1992