Cadbury Report
The Cadbury Report is the 1992 UK report on the financial aspects of corporate governance produced by a committee chaired by Sir Adrian Cadbury. It was an important influence on later governance codes, emphasising board accountability, a balance of executive and non-executive participation, clear leadership responsibilities and audit oversight. Its sponsoring bodies were the Financial Reporting Council, the London Stock Exchange and the accountancy profession. It is historical context, rather than the current UK Corporate Governance Code.
Worked example
A student uses Cadbury to explain the development of board oversight, then checks the applicable current code before describing today’s requirements for a company.
Common mistake
Do not present a recommendation in the 1992 report as a universal current legal rule or describe the committee simply as a government commission.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBL | Supporting | September 2026–June 2027 |