The University of Oxford’s Faculty of Law invited Donald Nordberg, Associate Professor in the
BU Faculty of Management, to contribute a commentary to the widely read Oxford Business Law Blog. The piece is an essay concerning the creation of the Cadbury Code on corporate governance 25 years ago, and its subsequent revisions, and then pointing to questions about its continuing validity in the wake of the global financial crisis and changes in the investment landscape. The essay summarises his working paper, posted on Social Sciences Research Network, which reviews the nature of the debate over one key and recurrent issue: whether the UK should adopt something like the two-tier boards of directors common across continental Europe.
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