While acknowledging that there was a problem with ‘rewards for failure’, the IoD said legislating on the matter was ‘inappropriate’, particularly the limiting of directors’ contracts to one year, the IoS reported yesterday.
It warned that plans to phase compensation payments to sacked directors could lead to higher base salaries for directors as well as result in disputes over pay.
Rather the IoD believes the issue should be solved through ‘transparency of reporting and shareholder involvement’.
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