Answer to Question #110797 in Management for Fannuel Mirirayi

Question #110797
The Cardbury 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.
1
Expert's answer
2020-04-20T07:01:51-0400

In the discourse of corporate governance, both reports have molded the modern context of financial reporting and accountability in organizations. The Cadbury Report (1992) introduced a system in which companies are directed and controlled. Alternatively, the Turnbull report provides director's obligations in managing internal controls, audits and financial accountability. Both reports are essential in creating a transparent and accountable culture in the market and the development of business reporting strategies.


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