Item List : "Executive remuneration"

1. Handwritten notes of Sir Adrian Cadbury arranged by topic and source of comment, no date.

Includes coments from CBI, KPMG, IoD, CBI Committee, ICAS, and individuals. Main headings are remuneration, independent audit, information to be included in reports.

2. Comments from VW Benjamin, undated.

Comments on the absence of input from business, executive remuneration, separation of roles, application of the code to smaller listed companies and various aspects of auditing. Also includes comments on specific paragraphs.

3. Draft, the purpose of the company - the next steps.

Proposal for a seminar of 20 people with suggested names to discuss the philosophy design and purpose of the company. See also CAD-01035.

4. Letters commenting on increases in top salaries, May 1991

Letters to AC and RTZ expressing concern about the large increase in top salaries and accounting practices.

5. Letter, dated 18 June 1991, from Mark Goyder

Correspondence advising of progress since seminar of The purpose of the company, 14 March 1991 (see CAD-01027)

6. In confidence. Note of meeting with Mr Jonathan Charkham, Bank of England on Wednesday, 19 June 1991

Contains thoughts on information disclosure, closeness of auditors to clients and Board responsibility, narrative information rather than figures, enforcement, directors' remuneration and comments on meaning of 'financial aspects of corporate governance'.

7. Letters, July 1991, to and from Simon Rodwell, Monks Partnership Ltd

Covering letter to the publication, United Kingdom Board Earnings, and their newsletter Monks Briefing. These are not attached.

8. Record of meeting with Mr Alan Diamond on 17 July 1991 and proposals

Mainly focuses on remuneration of top directors. Includes a short paper making proposals to arrest corporate greed.

9. Letter, dated 23 July 1991, from John Shaw, Bank of Scotland

Letter suggests the components of Chairmans's remuneration should be identified in accounts.

10. Letter, dated 30 July 1991, from Sir Dennis Stevenson, offering to give evidence to the Committee

Refers to the Blue Arrow affair and role of non-executive directors.

11. Fax letter from Mrs SE Brown, DTI, 30 August 1991.

Fax contains comments on a proposed structure for the final output and short comments on papers for the next meeting

12. Disclosure of directors share options/Urgent issues task force of the Accounting Standards Board, November 1994.

This specifically relates to UITF Abstract 10 about disclosure of the directors' share options as part of the disclosure of board remuneration and compliance with the Cadbury Code.

13. Record of meeting with Hugh Collum, 100 Group, 14 January 1992

Comments on the papers circulated for the 20-21 January 1992 meeting.

14. Shearman & Sterling's memo to clients, 'Executive pay: the heat is on'.

Covers the background to complaints about high levels of executive pay and reform proposals.

15. Correspondence, dated May and June 1992, between Prof JM Samuels and Nigel Peace with supporting paper on directors' remuneration.

Paper concerns availability to shareholders of information about executive remuneration, based on an examination of Annual Reports.

16. Memo, undated (c1992), about directors' remuneration.

Notes on directors' remuneration in the US, especially shareholder input, in particular the SEC proposals.

17. Testimony of Richard C Breeden, Chairman of US Securities and Exchange Commission, concerning executive compensation, 4 June 1992.

The paper covers performance and remuneration, enhanced disclosure for investors while not supporting government regulation of compensation packages.

18. Letter, dated 23 June 1992, from Top Pay Research Group.

Comments on the provisions for non-executive directors to take advice and their roles and responsibilities, independence of auditors, directors' remuneration.

19. Handwritten letter, 10 July 1992, from WH Melly.

Comments on employee shareholders, directors pay-offs and pension funds.

20. Letter, 13 July 1992, from Gerard Howe, Howe Associates.

Comments on distinctions between executive and non-executive directors, compliance with the code, separation of roles and board appointments, committees, directors remuneration, auditors and other services to organisations.

21. Letter and comments, dated 14 July 1992, from Allen Sykes.

Comments on the need for independent directors, institutional investors.

22. Letter, 16 July 1992, from Financial Reporting Council with submissions for other organisations, Paul Girolami (ICAEW), Rowen Mills Associates, Delta plc, Sears plc

Financial Reporting Council comments on the draft report and includes 2 commenting letters and earlier ones. It also makes suggestions on how to alter the text while commenting on the auditors role, non-audit fees of the auditor.

23. Letter, 17 July 1992, from New Bridge Street Consultants and comments.

Comments on the calibre of non-executive directors, their remuneration and selection, the role of the board, committees of the board, independent advice and auditing.

24. CBI response to the Cadbury Committee draft report on the financial aspects of corporate governance, PC 27 92, 20 July 1992.

Comments in detail on sections of the draft report, approving the self regulation approach, questioning statements of compliance requirement, commenting on the role of non-executive directors, remuneration, auditing and shareholders' role.

25. Letter, 20 July 1992, from Institute of Business Ethics.

Comments on responsible leadership by boards and their remuneration, independence of non-executive directors.