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| | Brian R. Cheffins, Current Trends in Corporate Governance: Going from London to Milan via Toronto, 10 Duke J. of Comp. ... (Site not responding. Last check: 2007-10-21) |
 | | The bulk of the Cadbury Report (and most of the guidelines in the accompanying Code of Best Practice) focused, however, on the role which the board of directors should play in supervising executive decision making. |
 | | Moreover, the two Committees, in their respective reports, both indicated that it is inappropriate for full-time board executives to participate in decisions about their own remuneration packages, and recommended that a remuneration committee composed of outside directors should be responsible for formulating a company's policy on executive pay. |
 | | Moreover, the Cadbury Committee urged institutional investors to exchange views regularly with senior executives of companies, to "make positive use of their voting rights" at shareholder meetings, and to "take a positive interest in the composition of boards of directors" by ensuring that non-executives of the necessary caliber, experience, and independence are appointed. |
| www.law.duke.edu /journals/djcil/articles/djcil10p5.htm (14079 words) |
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