A survey by executive recruitment company Russell Reynolds Asscoiates found that 80% of the 30 FTSE-100 chairmen interviewed said they were opposed to increasing the role and responsibilities of senior independent directors.
The report was described as ‘unattractive, time-consuming and divisive’ by a respondent who doubted that many would want to take the proposals up.
Of particular concern was the proposal that senior non-execs would attend regular meetings between management and shareholders, which some chairman found’very dangerous’.
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