The firm found that the number of executive directors of
FTSE 350 companies had
fallen by 20% in the past five years- equating to a loss of almost 360 positions
According Carol Arrowsmith, head of the remuneration team at Deloitte, the
decline is due to corporate governance guidelines which require half the board
to be independent.
‘Most companies have a main board and an executive committee. What is
happening is that some people are sitting on the executive committee and not
being promoted to the main board,’ she said – the danger being that strategy is
being pushed out of the boardroom and into executive committee meetings, leaving
non-executive directors uninvolved.
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