A survey of more than half of the UK’s leading companies revealed there is expected to be a threefold increase in the number of companies offering shareholders a vote on boardroom remuneration.
The move, according to the Trade Union Congress, comes in response to government plans to introduce legislation next year making shareholder voting mandatory.
‘Directions: Corporate Governance Issues’ conducted by Edis-Bates Associate, secretarial consultants, found that 37% of FTSE 100 companies plan to offer a vote this year.
Massive payouts to financial directors were a highlight of the latest FD salary survey by sister publication Financial Director magazine, with five FTSE-100 FDs earning over £1m.
But in September last year, Trade and Industry secretary Patricia Hewitt hinted at government action to stop directors of failing companies getting big salary increases or huge payoffs.
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