Codes of Practice: GREENBURY REPORT


Following on from the Cadbury Report, the Greenbury Committee, chaired by Sir Richard Greenbury of Marks & Spencer, reported on directors' remuneration. The report focused on "accountability, responsibility, disclosure, alignment of Director and shareholder interests, and improved company performance". Again, the Greenbury Code was voluntary but companies were asked to state in their Annual Report and Accounts whether or not they have complied with the Code, and give reasons where compliance has not been achieved.