BusinessCompany NewsGovernment stands by Higgs

Government stands by Higgs

The government has stood by the Higgs report saying it will press on with the recommended changes to corporate governance despite widespread opposition from big companies.

Other storiesFTSE100 fights back against Higgs

Chancellor Gordon Brown said ministers will seek to adopt the changes recommended by the Higgs report in defiance of the wishes of 80% of Britain’s largest companies, who oppose the changes.

The extent of the opposition was revealed yesterday through a survey by the Confederation of British Industry. It showed most companies are against the ban on their chairmen heading up the nominations committes and oppose the propsal that would force senior non-executives to hold regular meetings with shareholders.

Recommendations in the Higgs report on non executive directors and the Smith report on audit committees are due to come into effect in 1 July this year.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor