clg t13 q1

8/19/2019 CLG T13 Q1

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Tutorial 13 Q 1CORPORATE SOCIAL RESPONSIBILITY.

8/19/2019 CLG T13 Q1


State example of actiitie! t"at "ae #ee$ carrie% out#& ariou! compa$ie! i$ performi$' t"eir CorporateSocial Re!po$!i#ilit&.

Cadbury Report 1992 recommended that the boards of public cos should be re

to comply with a code of best practice which is voluntary& would required the

explain in their annual reports &accounts the extent to which they had complie

the code & the reasons for any non-compliance. t su!!ests that an audit comm

a ma"ority of non ex ds be set up to oversee the co#s finance. $lso the C% &

chairman should be different persons.

'reenbury Report- d#s remuneration should not be excessive.

8/19/2019 CLG T13 Q1


Corporate Social Re!po$!i#ilit&.

(ampel Reort 199) was to review & enhance the recommendations of the

Cadbury & 'reenbury Committees- chairman & C% are *ept separate+ a

balance between ex & non ex ds+ no ds should be in decidin! his own

remuneration.

,he Combined Code- the accepted principles & best practices of Cadbury'reebury & (ampel were put to!ether into a sin!le code called the

Combined Code & is adopted by the ondon /% & included into the 0

istin! Rules.

8/19/2019 CLG T13 Q1



,urnbull Report 1999 was produced by the nstitute of Chartered $ccountan

%n!land & ales with the purpose to !ive !uidance to listed companies on h

implement the Combined Code- *eepin! !ood internal control in the compan

havin! !ood audit& chec* & ensure quality of !ood finance reportin!.

n western %urope 'ermany developed its own code of best practice the CroCode.

8/19/2019 CLG T13 Q1



,he /arbanes-xley $ct 23324/56- after the collapse of %nron orldcom

0/ enacted the /5 desi!n to improve the quality of transparency of financ

reportin! independent audits & accountin! services. /5 *ey points includ

committee auditor independence internal control report & increased finance

disclosure.

,he 7alaysian Code on C' was launched by /C in 2333. ,he principles of t

7CC' are incorporated in the 87R. ara 1:.2; of the 87R requires plc

disclose in their annual report how they have applied the 7CC'. 2 or 1<=

of 8> are independent directors directors must attend mandatory

trainin! by 87& $udit Committee to be formed.

clg t13 q1

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