The Editor’s blog

Michelle Perry

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Recent Posts

Comply or explain

The US justice system has jailed many of executives involved in corporate frauds

I find it curious that after 17 years in exile Asil Nadir, the former chief executive of collapsed conglomerate Polly Peck International (PPI), returned to the UK in 2010 to face charges of theft.This week he was found guilty of...

Tags: asil nadir, governance, northern cyprus, old bailey, polly peck, serious fraud office

More fuel to the fire

WPP Sir Martin Sorrell's showdown with investors may be a test case for UK executive pay

The “Shareholder Spring” was refuelled on Tuesday with the news that bosses of the UK’s top companies received on average inflation-busting pay rises of 10 percent last year.Ordinarily, the news wouldn’t be that surprising, albeit unpalatable for many. But given...

Tags: executive pay, ftse 100 index, management, martin sorrell, remuneration, wpp

Power to the investors?

Are investors flexing their muscles too late to discourage government from legislating on new investors powers?

Today, Aviva became the latest in a growing list of European companies to face a shareholder backlash over escalating executive pay, when more than half of its investors voted down pay plans at the company’s annual general meeting.On Monday Aviva...

Tags: agm, aviva, barclays, bonuses, excessive executive pay, investors, leadership, revolt

Do boards appreciate fully their role as company stewards?

We need to quantify how big a gap we’re dealing with in terms of a lack of shareholder engagement

Shareholder activism, it seems, isn’t going away any time soon. And of course it’s refreshing to see. The Association of British Insurers, which represents almost a fifth of UK shareholders, this week raised concerns about Barclays chief executive Bob Diamond’s...

Tags: association of british insurers, aviva, barclays, blackrock, bob diamond, financial reporting council, institutional investor, stewardship code

Open for Business

But will the Budget fuel the economic growth British businesses (and the chancellor) so critically need

Chancellor George Osborne on Wednesday was clearly determined to overturn the recent anti-business sentiment that prime minister David Cameron and business secretary Vince Cable has been recently fostering with their repeated attacks on executive pay.The country’s top finance chiefs have...

Tags: 50p tax rate, anti-business, budget, cfc, chancellor george osborne, management, r&d

Is the EU right to legislate on quotas for women?

I’m particularly anti-quota now that I have seen the progress company chairmen have achieved

The news this morning of the European Union's plans to impose mandatory quotas to ensure more places for women on boards was a bit of a shock. It’s not that policymakers in Europe hadn’t said they might legislate on the...

Tags: eu justice commissioner, european union, female quotas, leadership, legislation, viviane reding

Women, boards and confidence

Any company that doesn’t have a woman on their board is surely failing the wider business

Much has been said about the benefits of greater diversity in British boardrooms, but I’ve heard few concrete examples as to how diversity helps companies on an operational level. David Tyler, chairman of Sainsbury’s, however put an end to my...

Tags: boards, experience, leadership, sainsbury's chairman david tyler, shopping, standard life cfo jackie hunt, women

The rise of the clawback

Will the potentially useful clawback be foiled before it has been allowed to work?

This week Lloyds Banking Group became one of the first leading UK companies to apply the increasingly popular tool - and a central part of government plans to tackle excessive pay - the clawback.Lloyds’ announced that outgoing CFO Tim Tookey,...

Tags: bonus, cfo tim tookey, clawback, executive pay, lloyds banking group, regulation

Anti-business! Britain? Surely not

To have Britain dubbed anti-business under a Conservative government is surprising some

Who’d have thought a Conservative-led government would stir up such anti-business sentiment?Last week business secretary Vince Cable - or as he might be known in corporate circle anti-business secretary - published a package of far-reaching proposals to shake up the...

Tags: anti-business, executive pay curbs, fred goodwin, knighthood, leadership, rbs, stephen hester

Does Davos have the answers?

Is the World Economic Forum reacting to events rather than acting proactively again?

This time last year as the world’s elite of politics, business and finance wended their way up into the Swiss mountains to the hill-top village of Davos, CFOWorld ran an article about what chief financial officers were expecting to find...

Tags: davos, double dip recession, income disparity, inflation, leadership, world economic forum