The Cadbury report, established to address financial aspects of corporate governance, argued for a guideline of _____, which gave companies the flexibility to act in accordance with governance standards or clarify why they do not in their corporate documents.

Question

Quizplus · Accepted Answer

The Cadbury report recommended the "comply or explain" approach, which gave companies the freedom to either comply with governance standards or explain why they choose not to do so. This approach allows companies to adapt to their unique circumstances while still being transparent about their decision-making processes.

The Cadbury Report, Established to Address Financial Aspects of Corporate