Higgs Report (UK)

Louise Gorman, Ann-Marie Ward

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionary

Abstract

The Review of the Role and Effectiveness of Non-Executive Directors, hereafter called the ‘Higgs Review’ was published in 2003. It is called the Higgs Review, after Derek Higgs, the lead author. The review was commissioned by the UK government to provide an independent assessment of the role and effectiveness of non-executive directors. The terms of reference of the review were to assess the effectiveness and independence of non-executive directors; the extent to which they delivered accountability to shareholders; issues related to their remuneration; the role of the Combined Code and potential means of strengthening independence. The Higgs Review offers guidance to non-executive directors and the chairman and sets out a wide-ranging set of suggested amendments to the provisions of the Combined Code. The chapter begins by setting the background to the review. Then its guidance and recommendations are reviewed. The chapter concludes with an assessment of the impact of the review.
Original languageEnglish
Title of host publicationEncyclopedia of Sustainable Management
EditorsS. Idowu, R. Schmidpeter, N. Capaldi, L. Zu, M. Del Baldo, R. Abreu
Place of PublicationSwitzerland
PublisherSpringer Nature
Chapter50
Number of pages7
Volume50
Edition1
ISBN (Electronic)978-3-030-02006-4
DOIs
Publication statusPublished - 29 Mar 2020

Keywords

  • Corporate governance
  • Shareholder value
  • Non-executive directors
  • Independent directors

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  • Cite this

    Gorman, L., & Ward, A-M. (2020). Higgs Report (UK). In S. Idowu, R. Schmidpeter, N. Capaldi, L. Zu, M. Del Baldo, & R. Abreu (Eds.), Encyclopedia of Sustainable Management (1 ed., Vol. 50). [1] Springer Nature. https://doi.org/10.1007/978-3-030-02006-4_50-1