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. Questioning Bob Diamond (late CEO of Barclays) in front of the Treasury Select Committee, Mark Garnier MP [Conservative, […]
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 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 the time […]
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