Associate Professor Donald Nordberg has published a new book, The Cadbury Code and Recurrent Crisis: A Model for Corporate Governance? (Palgrave Macmillan). It’s a critical examination of the origins of the UK code of corporate governance and how the code developed – and failed to develop – through repeated crises in corporate governance.
The 1992 Cadbury Code was a watershed in corporate governance, and not just in the UK. It influenced practice in many countries around the world, as well as the practices of many types of organisation outside the sphere of corporations listed on stock markets.
Reviewing the book, Andrew Johnstone, professor of company law at the University of Warwick, said: “This is a fascinating book, tracing the development of the UK Corporate Governance Code and highlighting its continuity through successive crises. At the same time, it identifies areas of controversy and challenge, intriguingly suggesting that ‘defeated logics’ are merely suspended, perhaps poised to return. Essential interdisciplinary reading for all those interested in the UK’s corporate governance system.”