MPs from the Conservative Party tabled a private members’ Bill which proposed that company boards be given the power to reduce lucrative payments to sacked directors.
And in a new report on a possible war with Iraq, the Institute of Directors claimed that if there was to be a war in the Gulf, a short conflict resulting in Saddam Hussein ousted from power would give a significant boost to the US economy.
On the topic of IT breaches, a survey by security consultant Defcom found that companies are deciding to protect their reputations instead of reporting hacking to the police.
Wednesday, the big story of the day was the publication of the DTI report on accountancy reforms. Trade secretary Patricia Hewitt announced a package of reforms that will see major restructuring to the regulation of accountants and bring the Financial Services Authority in to help identify risk areas.
Things looked gloomy for accountancy consolidator Tenon as its share price plunged to a new low, just months before the former partners of the accountancy consolidator’s constituent firms get their first opportunity to sell their equity.
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