In the following five years new committees were formed in response to continuing criticism of corporate behaviour. The Greenbury Report (1995) looked into the salaries of directors, who were being labelled fat cats. The recommendation, again voluntary, was that the remuneration committee should comprise non-executive directors, who would report annually on policy and disclose full details of the remuneration packages of the directors. Since the Greenbury Report, a feature of the company annual report has been the detailed level of disclosure on all aspects of directors’ remuneration, with valuation of such items as stock options and pension contributions. This was followed by the Hampel Report (1998) which looked at how such voluntary codes were being implemented. A number of companies bad decided not to implement the Cadbury recommendations for various reasons and, once again, the behaviour of corporate boards choosing this course of action came in for Criticism