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Corporate Governance

    In managing the affairs of the Group, the Board of Cadbury plc is committed to achieving high standards of business integrity, ethics and professionalism across all its activities. As a fundamental part of this commitment, the Board supports the highest standards of corporate governance. To help achieve this, the Board has approved a set of Corporate Governance Principlesopens in a new window. These principles set out our approach to this area, and also provide a summary of our current position.

    The Group has a Financial Code of Ethicsopens in a new window, that applies to the Chief Executive Officer and senior financial officers in the Group and all members of the Board sign the Cadbury Business Principles, entitled "Our business principles"opens in a new windowopens in a new window. 

    Further details of our corporate governanceopens in a new window are reported in our Report & Accountsopens in a new window.

    Non-executive directors

    The Cadbury Boardopens in a new windowopens in a new window currently consists of seven Non-Executive Directors and three Executive Directors. Collectively they bring a valuable range of international experience and expertise as they all currently occupy, or have occupied, senior positions within industry and public life. All the Non-Executive Directors are independent of management and have no relationships which could materially interfere with the exercise of their independent judgement.

    • Subject to satisfactory performance, a Non-Executive Director is appointed for an initial term of three years.
    • After the initial three year term, they may serve two additional three year terms, with a maximum of nine years service on the Board as a general rule.
    • A Non-Executive Director is expected to attend every Board Meeting, including those held overseas.
    • A Non-Executive Director is expected to make regular visits to the Group's operations to better understand its workings.
    • Each Non-Executive Director is expected to devote such time as is necessary for the proper performance of their duties. However, an average time commitment of one to one and one-half days per month is suggested as a guideline.
    • The base fee for a Non-Executive Director is £55,000 per year, paid quarterly in arrears, however this is increased if they are appointed chairman to a Board Committee.
    • The Company has established a programme which enables a Non-Executive Director to allocate a portion of their fees to the purchase of Cadbury shares. Currently, all Non-Executive Directors use this facility.

    A copy of our most recent non-executive director appointment letteropens in a new window can be downloaded as a PDF file. The letter will be updated when any future Cadbury plc appointments are made.

Terms of reference

The Board and its committees have adopted terms of reference which define their roles and responsibilities. These, together with the Memorandum and Articles of Association for Cadbury plc, can also be viewed here:

Matters reserved for the Boardopens in a new windowopens in a new windowopens in a new window

Remuneration Committee Terms of Referenceopens in a new windowopens in a new window

Nomination Committee Terms of Referenceopens in a new window

CSR Committee Terms of Referenceopens in a new windowopens in a new window

Chief Executive Committee Terms of Referenceopens in a new windowopens in a new window

Memorandum and Articles of Associationopens in a new windowopens in a new window

Audit Committee Terms of Referenceopens in a new window

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Did You Know?

The habit of chewing gum is well over two thousand years old! The women of Ancient Greece chewed mastiche - a resin from the mastic tree to sweeten the breath and clean the teeth.