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Greenbury Code (G3, J3) Recommendations of The Study Group on Directors' Remuneration (also known as the Greenbury Committee) in 1995 on pay for executive directors. This UK group proposed that independent outsiders would constitute a compensation committee with the task of preventing excessive executive pay, instituting employment contracts lasting more than a year, creating new longterm incentive plans in place of existing stock option plans and reporting annually on all aspects of pay, including pensions.<br /><em>See also:</em> corporate governance
<strong>COD</strong> – Common Origination and Disbursement.
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