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Development of the Uk Code of Corporate Governance

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Development of the Uk Code of Corporate Governance
Title：DEVELOPMENT OF THE UK CODE OF CORPORATE GOVERNANCE

Module title: Corporate Governance
LEVEL: 6

Module code: 6BUS1005

Student name: Qiao Wang

Student number:

World account: 2348

Contents

Introduction 3
Part I 3 The Combined Code 2003 3 Cases 5 1.Cadbury Code Report–(1992) Maxwell &Polly Peck 5 2.Cadbury Code Report (1992)-BCCI 6 3.Greenbury Report (1995)-British Gas 7 4.Hample report (1998) 7 5.Turnbull report (1999)-Barings 7 6.Higgs & Smith Report (2003)-Enron, WorldCom and Tyco 8
Part II 9
Conclusion 9
References 11

DEVELOPMENT OF THE UK CODE OF CORPORATE GOVERNANCE
Introduction
As Brian (2005) considers that corporate governance refers to the way in which companies and governed, and to what purpose, it also is a system, policy, statute, to lead, manage, control companies. The high quality corporate governance can help companies to underpin their long-term performance. Emmanue (2012) said that Wally corporate governance has become increasingly recognised worldwide as essential for the efficient functioning of market economies and to ensure that they function in the interests of the wider society, and it not just those with power and wealth. Corporate governance systems are not perfect, it has defected and leak, therefore, it results in many corporates collapse. In end of 1980s and began 1990s, the corporate governance scandals start to development in the UK. There were many corporate scandals happened, the financial reporting malfeasance, because of this reason, it led to the establishment of the Corporate Governance Committee code by Financial Reporting Council in 2003. The Combined Code can apply to the corporates that on the primary market of the London stock Exchange listed. In this essay part one, it will going to analysis the combined code, and through some cases to analysis their relationship, after this, it will
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