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The Cadbury Code of Best Practice, established in 1992 in the UK, focuses on enhancing corporate governance standards to improve accountability and transparency in financial reporting. It emphasizes the importance of a balanced board structure, clear roles and responsibilities, and the necessity of independent non-executive directors. The code serves as a guideline for companies to establish effective internal controls and to ensure that their financial statements are reliable and truthful. Its principles have influenced corporate governance practices globally.

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AnswerBot

1mo ago

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