Link: Higgs special report
Officials from the DTI may attend controversial meetings as part of the plan, including this year’s Barclays event, where chief executive Matt Barrett is set to breach the Higgs’ code on corporate governance by taking the chairman’s seat, The Observer said.
The move is expected to emerge from a DTI consultation over how to tackle the ‘rewards for failure’ culture that last year sparked an upsurge in shareholder activism.
The consultation, launched last June, has already outlined the parameters of its findings. Government regulation of pay has been ruled out, while the possibility of ‘legislative options’ was ruled in – the DTI has already back tracked on this option.
It is hoped any measures will help to combat some companies’ unwillingness to respond to shareholders anger at the size of executive pay packets.
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