Cadburry

In: Business and Management

Submitted By vf022652
Words 26162
Pages 105
0 0 REPORT

OF

THE

COMMITTEE

ON

0 0

THE

F INANCIAL A S P E C T S
OF

C ORPORATE G OVERNANCE

1

DE

C E M B E R

1992

0 0 REPORT

OF

THE

COMMITTEE

ON

0 0

THE

F INANCIAL A S P E C T S
OF

C ORPORATE G OVERNANCE

0 1992 The Committee on the Financial Aspects of Corporate Governance and Gee and Co. Ltd.

Reproduction of this publication in whole or in part is unrestricted for internal communications within a given organisation. It is otherwise subject to permission which will not be refused but will attract a reasonable reproduction charge. A leaflet is available from the Publishers setting out full details of the level of the charge and when it is applicable.

First published December 1992

ISBN 0 85258 913 1 (Report) ISBN 0 85258 915 8 (Report with Code of Best Practice)

Gee (a division of Professional Publishing Ltd) South Quay Plaza 183 Marsh Wall London El4 9FS Freephone: (0800) 289520 Fax: (071) 537-2557

Printed in Great Britain by Burgess Science Press.

Queries and correspondence relating to the report should be addressed to: The Secretary Committee on the Financial Aspects of Corporate Governance Up to 31 Decemher~ 1992 P.O. Box 433 Moorgate Place London EC2P 2BJ Tel: (07 I) 628-7060 ext.2565 Fax: (071) 6281874

From 1 Ja/rrrar~y 1 9 9 3 c/o The London Stock Exchange L o n d o n EC2N IHP Tel: (071) 797-4575 Fax: (071) 4.1~0:6822

Additional copies of the report may be obtained from: Gee (a division of Professional Publishing Ltd) South Quay Plaza 183 Marsh Wall London El4 9FS Freephone: (0800) 289520 Fax: (071) 537-2557 Price: &IO.00 per copy, including a copy of the Code of Best Practice. The Code of Best Practice may also be purchased as a separate publication, price fIlO.00 per pack of ten.

PAGE
PREFACE

9
11

TH E

INTRO D llc1‘10 N R EASONS
FOR SETTING UP THE…...

Similar Documents

What Is Strategy?

...com December 9, 2001. II.C. "Since the process itself forces managers to think explicitly about the incentives and likely moves of other players, it can generate a breakthrough in strategic insight even when the game can't be modeled explicitly. Qualitative role-playing exercises and structured game theory may generate enough insight to lead to a change of direction on new-entry, capacity addition, pricing and other fundamental strategic decisions (95)." Courtney, Hugh G. "Games Managers Should Play." World Economic Affairs Autumn 1997: 9196. Exhibit Four – The Financial Analysis I.A.2. Profit Margins of Industry Concentrate Producers and Bottlers 25 20 15 10 5 0 Profit Margin Coca-Cola Coca-Cola Bottlers Pepsi Pepsi Bottlers Cadburry Schweppes “Stocks: Company Information: Snapshot Report.” Updated February 15, 2003 I.A.2. Declining Carbonated Soft Drink Consumption 55 54 53 52 51 50 49 48 1994 1995 1996 1998 1999 2000 Gallons per capita I.B.1. U.S. Carbonated Soft Drink Market % of Volume in 2000 Carbonated Soft Drinks Beer Milk Coffee Bottled Water Juices Tea Tap Water and Other “Cola Wars Continue: Coke and Pepsi in the Twenty-First Century.” Harvard Business School, July 30, 2002 Exhibit Four – The Financial Analysis Continued I.B.1.a. Coca-Cola’s Declining Stock Price I.B.1.a Pepsi’s Declining Stock Price February 19, 2003 Exhibit Four – The Financial Analysis Continued I.B.1.b. Growth of Non-carbonated Beverages 14 12 10 8 6 4 2......

Words: 1786 - Pages: 8

Analyse Forrero

... | | | |Over de snack en zoetwarenindustrie | |Binnen de snack en zoetwarensector zijn veel MKB bedrijven, vaak oudere bedrijven. In Finland, Nederland, Zweden en Finland wordt het | |meeste aan zoetwaren geconsumeert. Wat betreft chocolade staat Nederland wel vrij onderaan in de top 20. Op de 14e plaats. Duitsland | |daarentegen staat op de 6e plaats. | |Cadburry, Mars en Nestle zijn drie grote multinationals, wat de leiders zijn in de zoetwarensector. | | | |Over Ferrero | |Ferrero werd in 1946 in Italië opgericht door een Italiaanse banketbakker. Een van zijn eerste producten was de chocoladepasta met | |noten, nu Nutella. | |In 1956 ging Ferrero over de grens en werd Ferrero......

Words: 2393 - Pages: 10

Fallon Company Case 4

...London office, which has enjoyed considerable critical acclaim as a result of stunning work in recent years for clients such as Sony, Orange and Cadbury. In 2007, Publicis Group established a closer partnership between Fallon and larger partner Saatchi & Saatchi. Fallon's performance in the US has improved since then, but the London office suffered losses and slowed growth in 2010 unfortunately. Advertising Age estimated US revenues for Fallon of $42 million in 2008. Fallon London became the UK's #3 agency in 2009 according to Campaign/Nielsen Media Research. Fallon’s market overall is almost exclusively television ads and digital media as well as viral marketing.  They currently have contracts with many well-known companies such as Cadburry, Cadillac, Travelers Insurance, Sony, and NBC.  Fallon’s main market could be described as large companies with a business-to-business sales aspect.  Since purchased by Publicis in 2000, Fallon has steadily retained contracts with companies and continues to improve its performance since the purchase. (Answers.com, 2011). Many of Fallon’s customers are looking for a different and innovative way to brand their company. Fallon is able to do this in a quirky sense while still getting the point across.  This shows in almost every one of their commercials for the companies they represent.  It also show’s in their mottos and views such as this statement about them, “Where others viewed our geography as a disadvantage, we found opportunity.......

Words: 3507 - Pages: 15

Nesle - Strategic Managment

...Australia. Nestle is seen as the world’s biggest brand and was featured as a top brand in the Fortune 500 list Nestle also hold a strong marketing and advertising power due to the global brand. Nestle’s constant upgrade in technology has resulted in the quality and increase in healthy food production. This is complimented by the skilled and committed team who are the reason for the Improved manufacturing techniques. Threats Weaknesses are internal characteristics that might inhabit or restrict the organization’s performance. (Daft, Richard L.2008) The threats of Nestle remains to be the high competition from the competitors from the same category of food manufacturer like Arnotts Limited, Australian Co-operative foods limited and Cadburry Schweppes Australia Limited. Weakness Being a global brand, Nestle has faced many controversies in different countries of operation. This can also cause a negative impact globally. The adverse reaction of infants to milk formula also is a major weakness to nestle which holds a major share of the baby formula market. In 2008, Nestle was impacted by the China milk scandal, involving infant formula’s and other milk products which contained melamine causing threat to lives. Over 53000 children fell ill from the tainted milk powder. However, Nestle had denied claims that the traces of melamine found in one product by the local government was far too small to be significant Opportunity Nevertheless, Nestle continues it’s......

Words: 2290 - Pages: 10

Trade Is the Only Way a Country Can Develop. to What Extent Do You Agree with This Statement

...source of freshwater. Not only did this approach provide jobs for the area, it provided clean fresh water. This helps to prevent water born diseases like Cholera that come from dirty water. In the long term their death rates will fall as well as the infant mortality. The Ghanaian's, will have more access to electricity, they have better machines for agriculture and other essential machines. Overtime Ghana will expect to increase their HDI rank and move further along on the development continuum. Fair Trade is the relationship between MEDC'S and LDC's. The Fair trade aims to give a fair and fixed price for goods. The movement has grown dramatically in recent years, with big food companies agreeing to the scheme, e.g. Ben n Jerry's and Cadburrys. It now operates between 20 MEDCs and 70 cooperatives in developing countries. It is fueled by purchasing powers of educated customers who will pay a slightly higher price for a more ethical transaction.. Around 5 million people are experiencing tangible benefits from fair trade. The fixed price ensures farmers are receiving a good fair wage for his produce. In this respect, the farmers has a more sustainable and stable salary, he can now spend money on education and healthcare and may reinvest for a larger production. In the long term, farmers and the immediate community become better developed due to the fixed wage, again improve the HDI and move along the development continuum. Furthermore, fair trade protects farmers in LDC's......

Words: 2340 - Pages: 10

Bel Brand

...fortune.com/fortune/print/0,15935,370035,00.html?>II.C. "Since the process itself forces managers to think explicitly about the incentives and likelymoves of other players, it can generate a breakthrough in strategic insight even when the gamecant be modeled explicitly. Qualitative role-playing exercises and structured game theory maygenerate enough insight to lead to a change of direction on new-entry, capacity addition, pricingand other fundamental strategic decisions (95)."Courtney, Hugh G. "Games Managers Should Play." World Economic Affairs Autumn 1997: 91-96. 5. Exhibit Four – The Financial AnalysisI.A.2. Profit Margins of Industry Concentrate Producers and Bottlers 25 20 Coca-Cola Coca-Cola Bottlers 15 Pepsi 10 Pepsi Bottlers Cadburry Schweppes 5 0 Profit Margin“Stocks: Company Information: Snapshot Report.” Updated February 15, 2003<http://www.marketguide.com>I.A.2. Declining Carbonated Soft Drink Consumption 55 54 53 52 Gallons per 51 capita 50 49 48 1994 1995 1996 1998 1999 2000I.B.1. U.S. Carbonated Soft Drink Market % of Volume in 2000 Carbonated Soft Drinks Beer Milk Coffee Bottled Water Juices Tea Tap Water and Other“Cola Wars Continue: Coke and Pepsi in the Twenty-First Century.” Harvard Business School, July 30, 2002 6. Exhibit Four – The Financial Analysis ContinuedI.B.1.a. Coca-Cola’s Declining Stock PriceI.B.1.a Pepsi’s Declining Stock PriceFebruary 19, 2003 http://www.marketguide.com 7. Exhibit Four – The Financial Analysis......

Words: 1805 - Pages: 8

Chocalate Industry

...market in introducing stage. · Achieving profit We don’t expect much profit at our introduction period. But after advertising and sales promotion the profit will increase. · Increase the quality We use high quality raw materials, adding nutritious ingredients, new technology and experienced employees to the purpose of increase our product quality. · Improve the quality of employees through training and development · To create a service-based company whose primary goal is to exceed customer's expectations 4.2. Issues that will affect their attainment · Company has to face huge competition with several strong brands when the introducing stage, there are strong international brands such as Cadburry, Mars, Snickers and local brands like Ritzburry, Kandos, Edna. · Lack of the skilled labor · Government rules and regulation · Difficult to find natural flavors such as natural cocoa . 5. Marketing strategy 5.1. Target market/s Based on demographic segmentation our target market includes people who willingly buy DairyCova due to various reasons. Age group - Children who are below age 5 - Children who are below age 5-14 - Young generation - Elder generation We selected these categories because there is a high tendency for them to buy Chocolates. Income level We have design wide variety of DairyCovas that are affordable to the all level of income. We have planned to......

Words: 3971 - Pages: 16

Hilton Sustainability

...dijual ketika ini. Kesemua jenama tersebut memberikan pandangan yang baik namun selepas mencuba salah satu produk tersebut pengguna tidak mendapat kepuasan yang mereka inginkan malah mereka tidak lagi mahu mengunakan jenama tersebut. Selain itu jika berlakunya maklumat palsu berkenaan jenama tersebut yang membolehkan pengguna beralih kepada jenama lain. Contohnya, cadbury yang suatu ketika dulu dikatakan mempunyai kandungan lemak khinzir. Oleh kerana isu tersebut kesemua pengguna setia Cadburry beralih kesetiaan mereka kepada coklat lain. Ini adalah contoh berlakunya pelanggaran jenama yang mana menyebabkan cadburry kini berada ditahap menambahbaik semula jenama mereka. Setelah bebas dari isu itu mereka masih lagi berhadapan dengan kesetian dan kepercayaan pengguna yang mana pengguna Cadburry kini kian berkurangan dan dengan adanya barang ganti, pengguna tidak lagi menjadikan coklat Cadburry sebagai pilihan utama. Oleh itu, pengeluar Cadburry harus menambahbaik dan mengeluarkan produk baru yang mampu menarik kembali peminat coklat tersebut. 3. Hasil kajian Hasil kajian yang penulis dapat daripada kaajina yang dilakukan ialah ciri - ciri personaliti jenama yang ikhlas dilihat mampu membuat hubungan yang progresif dan boleh menjadi lebih kuat jika melakukan seakan nilai persahabatan di ruang interpersonal. Namun hasil itu hanya akan berlaku jika tiada pelanggaran yang boleh merosakkan hubungan pengguna dengan jenama tersebut.......

Words: 1722 - Pages: 7

Cola Wars

...com December 9, 2001. II.C. "Since the process itself forces managers to think explicitly about the incentives and likely moves of other players, it can generate a breakthrough in strategic insight even when the game can't be modeled explicitly. Qualitative role-playing exercises and structured game theory may generate enough insight to lead to a change of direction on new-entry, capacity addition, pricing and other fundamental strategic decisions (95)." Courtney, Hugh G. "Games Managers Should Play." World Economic Affairs Autumn 1997: 9196. Exhibit Four – The Financial Analysis I.A.2. Profit Margins of Industry Concentrate Producers and Bottlers 25 20 Coca-Cola Coca-Cola Bottlers 15 Pepsi 10 Pepsi Bottlers Cadburry Schweppes 5 0 Profit Margin “Stocks: Company Information: Snapshot Report.” Updated February 15, 2003 I.A.2. Declining Carbonated Soft Drink Consumption 55 54 53 52 Gallons per capita 51 50 49 48 1994 1995 1996 1998 1999 2000 I.B.1. U.S. Carbonated Soft Drink Market % of Volume in 2000 Carbonated Soft Drinks Beer Milk Coffee Bottled Water Juices Tea Tap Water and Other “Cola Wars Continue: Coke and Pepsi in the Twenty-First Century.” Harvard Business School, July 30, 2002 Exhibit Four – The Financial Analysis Continued I.B.1.a. Coca-Cola’s Declining Stock Price I.B.1.a Pepsi’s Declining Stock Price February 19, 2003 Exhibit Four – The Financial Analysis......

Words: 1786 - Pages: 8

Hershey Trust Stock Sale

...2001, the endowment was valued at $5.4B. The objective of this case study is to determine if it is in the interest of Hershey Foods Company to explore the potential purchasers of all of the stock held in the trust (Bruner et al., 2014). Stock Sale and Purchase When Hershey Trust Company sought bid submissions for the stock purchase from Hershey Company, they received two serious bids. These bids were received from Wrigley Company and from Nestley and Cadbury Schweppes (Bruner et al., 2014). Both bids were reasonable in nature but were arranged very differently from each other. On one hand, the Wrigley bid included $7.5 billion dollars in common stock and $5 billion in cash as opposed to $10.5 billion in all cash from Nestle and Cadburry Schewepps company. It is this difference that requires the members of the board to evaluate each purchase order make up closely. It should also be noted that generally speaking, the there is a a hold on selling the newly acquired stocks that can typically run from 90 days to one full year. In order to understand the current and future value of the stock they are trying to sell, it is important to perform financial assessments including the WACC of Hershey as well as calculate the net present value of the previous forecast data from the Hershey Food Company. In Figure 2, shown below, the calculation of WACC is presented. Using a marginal tax rate of 39.5% (assumed in case Exhibit 10), Hershey’s WACC is calculated as: Figure 1 -......

Words: 815 - Pages: 4

Passing Off Notes

...confusion a. Spalding v Gamage – new improved orb footballs 2) Injurious association b. Annabel’sberkeley Square v Schock – normal club vs strip club both using the same name, annebel. There is passing off Dilution New developed area, misrep causes claimant sign to be familiar or commonplace, thus it becomes difficult to associate claimant’s goods with sign. Apply to situation where public is not confuse or reputation is not damage. Taittinger v Allbev – use of champagne name brought out dilution to what is distinctive EXTENDED Bollinger v Costa Brave Wine – may share goodwill's in the same name, grapes from same regional place. Advocates, lord Diplock, not just regional, share reputation in a name. Chocosuisse v Cadburry – same textual Misrep Chocosuisse v Cadbury - Only on products, not trader origin Damage Diageo v ICB, Justice Arnold, vodka producers can stop vokat....

Words: 2146 - Pages: 9

The Middle East Confectionery Market:

...USA KSA Italy Hong Kong Mexico UAE ‐ Dubai New Zealand KSA Netherlands Germany Germany Germany England KSA KSA KSA Argentine Italy Turkey Malaysia Spain KSA Switzerland Italy Malaysia UK Ireland KSA Italy Ireland UAE ‐ Dubai Ireland KSA England Egypt KSA Lebanon Kenya Manufactured By Fantastic Snaks Australia Hershey Company ‐ USA Al Jazira Food Processing Wrigley JR Company Al Jazira Food Processing Loacker The Garden Company Limited Wrigley JR Company Mexico Hershey Company ‐ USA Cadbury Confectionery Limited Al Jazira Food Processing McVities (Great Britain) Mars GmbH Mars GmbH Bahlsen Nestle Rowntree ‐ England Ulker ‐ Food Manufacturers Company Al Jazira Food Processing Batook Chewing Gum Ind Ltd. Arcor Saic Loacker Kent ‐ Member Of Cadburry Scheppes Group Network Foods Industries SDN BHD Kraft Foof Galletas Nabisco Arabia (Krafts Food Holding USA) Kagi Sohne AG Balocco SpA Network Foods Industries SDN BHD Cadbury Trebor Bassett Cadbury Confectionery Limited Nabisco Arabia (Krafts Food Holding USA) Ferrero S.p.A Cadbury Confectionery Limited Nestle Middle East Cadbury Confectionery Limited Nabisco Arabia (Krafts Food Holding USA) Nestle Rowntree ‐ England Sallam Co. Ulker ‐ Food Manufacturers Company Cadbury Adams  Wrigley Company Ltd Price (BD) 0.45 0.25 0.05 1.00 0.05 0.63 0.10 0.53 0.23 0.25 0.05 0.55 1.00 0.90 0.36 0.84 0.10 0.05 0.03 0.05 0.15 0.23 0.13 0.46 0.12 0.20 0.10 0.15 0.15 0.24 0.08 0.13 0.25 0.05 0.15 0.08 0.10 0.05 0.10 0.10 0.05 US$ Conversion $1.19......

Words: 17957 - Pages: 72

Managing Director

...USA KSA Italy Hong Kong Mexico UAE ‐ Dubai New Zealand KSA Netherlands Germany Germany Germany England KSA KSA KSA Argentine Italy Turkey Malaysia Spain KSA Switzerland Italy Malaysia UK Ireland KSA Italy Ireland UAE ‐ Dubai Ireland KSA England Egypt KSA Lebanon Kenya Manufactured By Fantastic Snaks Australia Hershey Company ‐ USA Al Jazira Food Processing Wrigley JR Company Al Jazira Food Processing Loacker The Garden Company Limited Wrigley JR Company Mexico Hershey Company ‐ USA Cadbury Confectionery Limited Al Jazira Food Processing McVities (Great Britain) Mars GmbH Mars GmbH Bahlsen Nestle Rowntree ‐ England Ulker ‐ Food Manufacturers Company Al Jazira Food Processing Batook Chewing Gum Ind Ltd. Arcor Saic Loacker Kent ‐ Member Of Cadburry Scheppes Group Network Foods Industries SDN BHD Kraft Foof Galletas Nabisco Arabia (Krafts Food Holding USA) Kagi Sohne AG Balocco SpA Network Foods Industries SDN BHD Cadbury Trebor Bassett Cadbury Confectionery Limited Nabisco Arabia (Krafts Food Holding USA) Ferrero S.p.A Cadbury Confectionery Limited Nestle Middle East Cadbury Confectionery Limited Nabisco Arabia (Krafts Food Holding USA) Nestle Rowntree ‐ England Sallam Co. Ulker ‐ Food Manufacturers Company Cadbury Adams  Wrigley Company Ltd Price (BD) 0.45 0.25 0.05 1.00 0.05 0.63 0.10 0.53 0.23 0.25 0.05 0.55 1.00 0.90 0.36 0.84 0.10 0.05 0.03 0.05 0.15 0.23 0.13 0.46 0.12 0.20 0.10 0.15 0.15 0.24 0.08 0.13 0.25 0.05 0.15 0.08 0.10 0.05 0.10 0.10 0.05 US$ Conversion $1.19......

Words: 17902 - Pages: 72

Online Communities

...In der Tat ist jede Personen in der Lage die Veröffentlichung von persönlichen Ansichten leicht mit neuen Anwendungen über das Internet. Sie zirkulieren ihre eigenen Informationen oder kommentieren auf die von anderen publizierten Informationen. Da können die Internet Nutzer ein Unternehmen in ihren Blogs diskutieren; auf eine soziale Nachrichten Webseite (OhmyNews, TPM Café, Digg, Newswine) kommentieren; an einer Wiki teilnehmen; über ein Produkt auf einem Verbraucher Ideen Platform ansichten oder eine Datei über die Dienstleistungen über ein soziales Netzwerk (Facebook) erstellen.[96] Im Jahr 2007, nachdem Cadburry die „Wispa“ Schokolade auf dem britischen Markt gehebt hat, hat das Unternehmen mit der Reaktionen der Konsumenten getrefft. In der Tat, berichtet mehr als 14.000 Facebook Mitglieder ihre Meinungs-verschiedenheiten mit dieser Entscheidung, dann hat Cadburry Wispa auf dem Markt regetreten. [97] Dieses Beispiel zeigt die Auswirkung Macht der Internet Nutzern, sogar nur eine WebSeite wie Facebook kann eine Entscheidung beeinflussen. 3.2.Negative und Positive Buzz Beispiele auf Online Communities Wenn eine Firma, Organisation oder lokalen Behörde nicht auf dem Netz kommunizieren, tunen seiner Kunden diese Kommunikation als für Marketing-Zwecke oder als Kämpfer.[98]Jede Kunde hat das Potential für negative oder positive Buzz. Eine multinationalen Pharmakonzern; Pfizer hat offenbar mehrere Kommunikationsabteilungen, deren Aufgabe über das offizielle......

Words: 14545 - Pages: 59

Legvlemnyezettebb | [Erai-raws] Souten no Ken - Regenesis 2nd Season - 10 [1080p][Multiple Subtitle].mkv | Escape from Alcatraz