Link; Higgs report
The new Combined Code on corporate governance, based on recommendations by Sir Derek Higgs, says a chief executive should not become chairman of the same company.
Sir Peter, currently the chief executive of Sainsbury’s, will become chairman after next month’s AGM.
But following criticism of his appointment, he will be replaced by Sir Ian in July next year.
Sir Ian is one of the best connected executives in the UK, having been (ironically) both chairman and chief executive of Bass up until 2000.
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