The Liberal Democrat leader, Vince Cable, has written to the Competitions and Markets Authority (CMA) asking the regulator to look again into whether the big four accountants should be broken up. Commenting on Twitter about the firms that dominate the …
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The US central bank, the Federal Reserve, which regulates the country’s financial institutions, has restricted the growth of Wells Fargo following “recent and widespread consumer abuses and other compliance breakdowns”. The restriction on the bank is to continue “until …
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There continued to be a focus on executive pay in 2017 by shareholders of FTSE 350 companies data from Manifest for the Pensions and Lifetime Savings Association’s (PLSA) AGM voting review showed.
The PLSA stated that the executive pay …
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UK supermarket chain Tesco faces its first equal pay claims that could add an extra 4 billion to its wage bill. The action has been brought by law firm Leigh Day, which said it had started submitting claims on behalf …
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The Investor Agenda, which provides a framework for investors to take action to tackle climate change, has been launched. The plan was developed by seven organisations promoting carbon reduction and responsible investment: Ceres, Asia Investor Group on Climate
…
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Australia has toughened up banking regulation after its upper house, the Senate, passed a law which gives its financial regulator, the Australian Prudential Regulatory Authority new powers, including the ability to cap bankers’ pay.
Under the Treasury Laws Amendment (Banking …
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Paul Polman, chief executive of Unilever, Hiro Mizuno, chief investment officer of the Japanese Government Pension Investment Fund and Brenda Trenowden, global Chair of the 30% Club, opened the market at the London Stock Exchange on Friday (2nd February) …
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The UK government has commissioned research into share buybacks with a particular focus on whether some companies are repurchasing their own shares to artificially inflate executive pay.
The government has appointed consultants PricewaterhouseCoopers to undertake the research into share buybacks …
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Corporate governance researcher Equilar has found a median chief executive officer (CEO) pay ratio of 140:1 following an anonymous survey of 356 US public companies. Equilar asked the companies how they plan to report on this in their 2018 proxy …
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