Answer to Question #106459 in Management for Mebo

Question

The Cadbury Report of 1992 and the Turnbull Report of 2003 mark the beginning of the development of corporate governance in the United Kingdom and the world over. Discuss

Answer 1

The Cadbury Report of 1992 marked the genesis of the shared vision on the financial aspects of Corporate Governance of the UK system by giving recommeendations for minimizing related risks. As well, the Turnbull Report of 2003 enhanced the significant discussions on the Corporate Governance because it featured the appropriateness of internal audit functions. Through such influences, the Cadbury Report and Turnbull Report have stirred the development of audit committees across the world.