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"A lot of the work that I do is historic-the maximum sentences change at different points of time. It's really complicated and people get it wrong all the time. That's when having a timeline is really useful."

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GLOSSARY

Greenbury Report definition

Published by a LexisNexis Corporate expert

What does Greenbury Report mean?

A report, published in July 1995 by the Study group on directors’ remuneration under the chairmanship of Sir Richard Greenbury with a remit to identify good practice in determining directors’ remuneration and to prepare a code of practice for UK PLCs.

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The UK Corporate Governance Code

The UK Corporate Governance Code Corporate governance is the system of rules, practices and processes that are put in place to manage and control a company. A business that has effective corporate governance policies in place is likely to build an environment of trust, transparency and accountability and contribute to a more inclusive society by ensuring the interests of all its stakeholders are balanced. Good corporate governance is also believed to contribute to successful company performance and help businesses foster growth, long-term investments, financial stability and business integrity. The UK Corporate Governance Code (UKCG Code) is a central part of the UK’s corporate governance regime. It is administered by the Financial Reporting Council (FRC). Evolution of the UKCG Code Following a number of high profile corporate scandals, the Committee on the Financial Aspects of Corporate Governance was established in May 1991 to review the aspects of the UK corporate governance relating to financial reporting and accountability. The committee was chaired by Sir Adrian Cadbury and its...

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