Link:Fds split on Higgs
A CBI survey released today shows that 82% of FTSE100 chairmen think that their ability to run an effective board will be damaged by these proposals, while 87% disagreed that the introduction of a non-exec to chair the director nominations committee would strengthen board independence.
Over 60 chairmen responded to the survey and several others have sent letters of concern to the CBI. Among those business leaders strongly against the proposals are Sir George Mathewson of the Royal Bank of Scotland, Sir John Bond of HSBC, Lord Stirling at P&O and Sir David Lees at GKN.
Despite the opposition it is thought unlikely that the government will change its position on these matters.
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