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