Documente Academic
Documente Profesional
Documente Cultură
GOVERNANCE
BM055-3-2
Learning Outcomes
1. Appreciate the relevance and practical
application of business and professional
ethics in the working world;
2. Explain how corporate social
responsibility and corporate governance
relate to ethics;
3. Highlight the main ethical issues
relating to the natural environment.
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General Recommendation
Executive pay should not be excessive,
but sufficient to attract, retain and motivate
individuals of the required quality;
The performance related elements of
remuneration should create a link between
the interests of the director with those of
the shareholders.
Share options granted as part of the
directors remuneration scheme should
not be issued at a discount;
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Hampel Report
A Committee on Corporate Governance,
chaired by Sir Ronald Hampel, - 1996 to
review the recommendations of the
Cadbury and Greenbury Committees. The
final report of the Hampel Committee was
published in 1998. Its Report covered a
number of governance issues, such as the
composition of the board and role of
directors, directors' remuneration, the role
of shareholders
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Recommendations
(i)To adopt a considered policy on voting
their shares;
(ii) To have dialogue between company
based on mutual understanding of
objectives;
(iii) Evaluate corporate governance
disclosures by the company and give due
weight to all relevant factors drawn to
their attention;
(iv) To encourage more participation at the
annual general meeting.
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