Hampel Report

From Wikipedia, the free encyclopedia

The Hampel Report (Committee on Corporate Governance) in 1998 was designed to be a revision of the corporate governance system in the UK. The remit of the committee was to review the Code laid down by the Cadbury Report (now found in the Combined Code). It asked whether the code's original purpose was being achieved. Hampel found that there was no need for a revolution in the UK corporate governance system. The Report aimed to combine, harmonise and clarify the Cadbury and Greenbury recommendations.

On the question of in whose interests companies should be run, its answer came with clarity.

'The single overriding objective shared by all listed companies, whatever their size or type of bussiness is the preservation and the greatest practical enhancement over time of their shareholders' investment'.[1]

[edit] See also

[edit] Notes

  1. ^ 'Committee on Corporate Governance, Final Report' (London 1998) para 1.16

[edit] External links

  • The Financial Services Authority Listing Rules online and in pdf format, under which there is an obligation to comply with the Combined Code, or explain why it is not complied with, under LR 9.8.6(6).
 This article is a stub relating to law in the United Kingdom, or its constituent jurisdictions. You can help Wikipedia by expanding it.
 This economics or finance-related article is a stub. You can help Wikipedia by expanding it.