It appears that everyone is running around shouting about the latest financial services scandals (Libor/Euribor, Interest Rate Swaps). Heads are being demanded on the proverbial platters but that seems to me to miss the underlying issue – banking culture. Questioning Bob Diamond (late CEO of Barclays) in front of the Treasury Select Committee, Mark […]
Moving along from the basic discussion about shareholder involvement I notice that David Cameron is now promoting the idea of Co-operatives as part of moral capitalism. Is this really (as he says) historic Conservative Party policy? Well I think we can leave that question unanswered – the more important point is that fundamentally the political […]
As readers will know – I’ve been recommending for years that shareholders should be given a statutory role (shareholder power) to get more involved in companies’ activities. Prime Minister David Cameron and Business Secretary Vince Cable are now talking about making it a legal requirement for shareholders to have mandatory oversight on directors’ pay. However […]
Recent Comments