Link: Higgs’ special report
The proposals to beef up the role of a senior non-executive director will be the subject of attention from the opposition, said shadow trade and industry secretary, Tim Yeo.
‘We do not see in the normal course of events what the need for this [senior independent director] is going to be,’ he told the Financial Times.
He also said that listed companies outside of the FTSE-350 should be excluded from the requirement to have half the board, excluding the chairman, as independent non-executive directors.
A period of consultation on the proposed changes to the revised version of the best practice code on corporate governance lasts until April.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements