ACCA《公司治理,风险管理及职业操守》知识点:公司治理背景
  Corporate Governance Background-Cadbury report
  Robert Maxwell
  1)Risky Acquisition-high debt situation
  2)Financing 440 Million GBP from pension fund
  3)Exposure -after Robert Maxwell death
  4)1992 Maxwell filed bankruptcy protection in UK & US → Governance Failure
  Adrian Cadbury :Chair a committee
  Investigate British Corporate Governance System
  Suggest improvement & restore investor confidence
  Cadbury report provide guidance for UK listing company
  Highly recognized in UK
  Publish,in Nov 1992