|
|
03 Nov 2008
The government has created a company, called UK Financial Investments (UKFI), which will act to protect the taxpayers' investment in banks, promoting stability and competition.
It will also look to ensure bank management incentives reward the creation of long-term value and not for failure.
Its board will contain a private sector chair, three non-executive private sector members, a chief executive and two senior government officials from HM Treasury and the Shareholder Executive.
Sainsbury's chairman Sir Philip Hampton will be its first chair, and John Kingman its chief executive.
Sir Philip is a former FD at some of the biggest companies in the country, including LloydsTSB and BT among others.
John Kingman is second permanent secretary and managing director, public services & growth, HM Treasury.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment