Sir Adrian Cadbury, who is considered the founder of Corporate governance has died at age 86. Sir Cahbury was the chairman of the committee that produced the Cadbury Report on 1992 and has shaped the Boards around the World ever since. The report introduced some key concepts such as the divison of Chairman and CEO positions as well as the role of non-executive Board members. 

Sir Cadbury also joined the OECD Business Sector Advisory Committee, chaired by Ira Millstein and was instrumental in the creation of OECD Corporate Governance Principles.