Tag: finance
Publishing pay ratios is ‘crude’, but are a ‘step in the right direction’
Business groups are largely in favour of the government’s planned law to publish pay ratios, but the TUC describes the ‘tick-box’ approach as ‘feeble’.
Amended Shareholder Rights Directive implemented
An amendment to the EU Shareholder Rights Directive aims to encourage effective and sustainable shareholder engagement in listed companies in EU member states.
‘Shareholder spring’ dents FTSE100 remuneration rise
A second “shareholder spring” in 2016 saw more modest remuneration among the FTSE100 in 2017, but FTSE250 investors took umbrage at director salaries this time around.
Specialist pay consultants and their relationship with the Remco
While the debate over executive pay continues unabated, research sheds light on a largely overlooked element—the relationship between the remuneration committee and specialist pay consultants.
PwC hit by another £5m fine after admitting failures in RSM Tenon audit
PwC hit by a £5.1m fine over its audit work at collapsed accountants RSM Tenon, just four months after a similar fine over Connaught.
Telit CEO Oozi Cats resigns over historic US fraud allegations
Telit Communications CEO Oozi Cats quits after an investigation links him to a US wire fraud indictment under a different name 25 years ago.
Unilever looks to improve governance with €450m preference share buyback
Unilever looks to purchase legacy preference shares in a bid to make the the business “easier to understand”. Its success in fending off a takeover bid by Kraft Heinz raised questions about Unilever’s direction and governance.
Ex-Tech Data finance director banned from accounting membership
Former Tech Data Limited FD Philip James settles with the Financial Reporting Council, taking a £36,000 fine and exclusion from his accounting association over his conduct in relation to preparing company accounts.
Major investors ditch Sports Direct holdings as governance concerns continue
As Standard Life and Aviva drastically reduce their holdings in Sports Direct, the retailer prepares to face investors at its AGM in a month’s time.
FTSE100 CEO pay falls but much further to go, say governance experts
Average pay packet for FTSE100 CEOs falls in 2016 but there are calls to rethink the measures which set their remuneration.