The executive recruitment agency said that after quoted companies issue their annual report they suffer a ‘deluge’ of questionnaires and phone calls from institutional investors.
These investors are forcing smaller companies’ non-executives to spend far too much time on corporate governance guidelines rather than to helping businesses run better.
‘Fund managers are building up a huge industry based on corporate governance,’ said Sarah Grnewald of Directorbank. ‘They are in danger of losing the plot. If they want to see real growth in their funds, they’ve got to let the boards concentrate on strategy and delivering profits.’
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