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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...
August 21, 2012 12:50 PM Read Full Post
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...
June 12, 2012 4:53 PM Read Full Post
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...
May 3, 2012 4:42 PM Read Full Post
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...
April 12, 2012 4:04 PM Read Full Post
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...
March 21, 2012 4:09 PM Read Full Post
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...
March 5, 2012 4:20 PM Read Full Post
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...
February 27, 2012 12:59 PM Read Full Post
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,...
February 22, 2012 3:45 PM Read Full Post
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...
February 1, 2012 4:37 PM Read Full Post
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...
January 24, 2012 4:43 PM Read Full Post
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