In his 11-year tenure at the
eight of which have been as FD, Howell played a key part in fending off takeover
attempts from rival exchanges. Nasdaq, in particular, made repeated efforts to
seize hold of the Exchange.
On leaving the Exchange, his shares may be worth £10m, after the share price
soared in value following recent approaches.
LSE top brass believe Howell has been ‘instrumental’ in the delivery of
exceptionally strong shareholder value, developing the Exchange’s financial
strategy and putting it to the forefront of the sector for balance sheet
Howell will take up a role at fellow FTSE 250 company,
Close Brothers. He
replaces Peter Winkworth, who is stepping down after 30 years at the company.
Howell raked in a base salary and bonus of £972,000 during the LSE last full
financial year, but could make double that amount at Close Brothers. Howell will
start at Close Brothers in February 2008.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season