The findings come from a survey carried out by headhunters, Armstrong International, which reveals that in a quarter of FTSE-100 companies, less than half of the board was made up of non-executives.
Five per cent of companies had a joint chairman and chief executive role, which is in clear breach of current best corporate governance practice, as recommended by Higgs.
On top of this, 9% of board nomination committees did not have a majority of independent non-executives, and six companies didn’t have a nominations committee at all.
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