UK parliament, governance reform

26 March, 2019

MPs call on regulator to get tough on executive pay


The new governance and accounting regulator for the UK should have powers to tackle companies over excessive executive pay levels, according to a report from an influential House of Commons committee....

21 December, 2018

A healthy balance for parent banks

A wide range of post-crisis regulatory reforms has created a more complex governance framework for banks when it comes to managing their local subsidiaries. In the past decade, regulators have impl...
Barclays bank

19 July, 2018

Board moves at Speedy Hire; Barclays; and BTG

Speedy Hire Tools and equipment business Speedy Hire has named David Shearer as its new chairman. Shearer will succeed Jan Åstrand from 1 October 2018. Shearer has served as a non-execut...
Sir Win Bischoff, FRC, Financial Reporting Council, corporate governance

16 July, 2018

Board chairs offered extension on nine-year terms in new code

Board chairs have been offered flexibility to serve beyond a nine-year term in the UK's new corporate governance code. Released on Monday this week, an earlier draft had been notable for provisions...
Statoil, Troll A oil platform

2 March, 2018

Norway’s sovereign fund rejects broader role for remuneration committees

Norway's sovereign wealth fund has rejected the idea that remuneration committees should oversee pay across all employees in a company rather than only the board. Norges Bank Investment Management ...
Persimmon

23 February, 2018

Persimmon’s mega executive payouts curbed by 50%

Mega payouts lined up for Persimmon executives due to an unfettered bonus scheme have been reined in, the housebuilder has confirmed. After drawing criticism from a range of quarters for the scheme...
pay slip, wages, salary, remuneration

5 December, 2017

Remuneration committees’ remit broadened under revised UK Code

Wider workforce pay and policy influence, and details on how this relates to executive remuneration, would come under the remit of remuneration committees under a revised UK Corporate Governance Code....
London city skyline

7 July, 2017

Revamped UK governance code will have a new focus on culture

The responsibility of company boards for corporate culture is likely to be included in a proposed new version of the UK’s corporate governance code. There will also be proposals for nominations c...
City of London skyline

17 February, 2017

Remco chairmen should resign over shareholder revolts

City investor Fidelity has called for the chairmen of remuneration committees to resign if shareholders revolt against pay recommendations.

7 October, 2016

L&G demands companies act on boardroom pay

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