Link: Higgs special report
Although most of the business community’s complaints will fall on deaf ears, Patricia Hewitt, trade and industry secretary, is likely to give ground over the proposal that senior non-executives should hold regular meetings with shareholders, according to the Financial Times.
The Confederation of British Industry welcomed the news, telling the FT that it is ‘good news that the government is already indicating a willingness to be flexible’.
How flexible is debatable, however, as the government will stand firm on the other proposals. Non-executive directors will not be allowed to serve for more than six years, and a company’s chairman will not be allowed to chair its appointment and remuneration committee.
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