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CORPORATE GOVERANCE INTRODUCTION There was an understandable concern about the quality of corporate governance in the U.K after the Maxwell scandal in 1991. A report (Orr, 1992) suggested, "Britain's auditors and corporate chiefs faced a collapse of Enronian proportions" a similar argument was made by Peter Waterhouse Coopers (1999, p.32001) claims, "Business failures heightened concerns about effective governance". Following this came the "worlds most coherent systems of corporate governance" (Orr, 1992) the Cadbury Report. The Financial Reporting Council, …

…LIST Oxford University Press (1999) A Dictionary of Accounting. Market house Books Ltd Available at: www.xrefer.com [Accessed 13th February 2003] Oxford University Press (1999) Industrial and Commercial Training. Available at: http://isaco.emeraldinsight.com [Accessed 18th February 2003] Orr, P. (1992) Maxwell's Ghost Available at: www.accontancyage.com/news Price Waterhouse Coopers (1999) Students Manual of Accountancy: the guide to U.K accountancy law and practice. International Thomson Press Weetman, P. (1999) Financial and Management Accounts. 2nd ed. Prentice Hall