Tag: BEIS

Government considers intervention in Melrose bid for GKN
Ministerial concern at the potential sale of jet fighter components producer GKN to investment company Melrose will see the deal investigated—including whether the deal should be blocked.

Industrial strategy calls for improved reporting of capital allocation
Better reporting is needed to support “long-term” investment, says the UK government, but it is criticised for failing to mention human capital in its long-anticipated Industrial Strategy.

Disquiet after governance reform fails to appear in Queen’s Speech
The absence of corporate governance reform details from the government’s legislative agenda has caused concern in the business community.

Pay consultant argues LTIPs are ‘effective’, despite calls to end them
Remuneration consultant Mercer Kepler insists that long-term incentive plans are an “effective” executive pay approach after MPs demand no new LTIPs in 2018.

Governance should aim at investment for greater good
The key focus of governance reform should not be on reducing the number of scandals, but instead on how to encourage risk-taking and investment in pursuit of a societal purpose, says think-tank Tomorrow’s Company.

Norwegian oil fund seeks the end of LTIPs
Yngve Slyngstad, the head of Norway’s giant sovereign wealth fund, wants to see long-term incentive plans phased out, and says chief executives should hold stock for up to five years, preferably ten.

MPs propose major changes to UK governance code
Government committee suggests an overhaul of governance reform, including targets for women on boards, publication of pay ratios, and the end of LTIPs.

Gender pay gap regulation looms for large UK companies
In a bid to tackle the gender pay gap, large companies in the UK will be obliged to publish annual gender-based pay statistics from April 2017.

FRC to launch ‘fundamental’ review of UK governance code
Financial Reporting Council will review UK Corporate Governance Code once outcome of government’s own reform consultation is complete.

UK governance reform needs ‘patient’ capital
Think tank Tomorrow’s Company tells MPs the UK needs new investment trusts to encourage long-term patient capital.