Blog : BOARD TALK
|Posted on April 21, 2015 at 6:00 AM|
Ah, succession planning. Despite the fact that the UK's corporate governance watchdog, the Financial Reporting Council (FRC) has steadily been extolling its virtues - as have institutional investors - it seems UK plc is still very slow to 'get it.'
Worse - while there are regular complaints from the CBI about the 'lack of skills' available for business to hire, there appears to be little sense of urgency of the need in that case to try and develop those skills internal...Read Full Post »
|Posted on March 25, 2015 at 7:30 AM|
The good news: the UK is now fifth in the world when it comes to the number of women in non-executive director positions in plc boardrooms. Women hold 23.5% of FTSE 100 non-executive director (NED) positions, and the target of 25% by end 2015 - set by Lord Davies in his review for the UK government four years ago - is within sight.
But before the champagne corks start popping, it is worth looking atRead Full Post »
|Posted on February 12, 2015 at 12:25 PM|
While we are still reeling from the revelations around #HSBCLeaks and hypocrisy at the top around the real meaning of corporate governance....
it turns out that losses from fraud in the UK are showing an unexpected increase that bucks the typical cycle of fraud after a recession.
UK businesses and organisatio...Read Full Post »
|Posted on December 7, 2014 at 3:10 PM|
|Posted on November 10, 2014 at 4:20 PM|
This morning I was at #CBI2014 - the annual conference of the UK's business lobbying organisation, the Confederation of British Industry (CBI). You can read all about my excitement here.
One of the points made during the morning was around tax - and the point of much of government tax policy.
So I was intrigued when Beavis Mo...Read Full Post »
|Posted on October 27, 2014 at 9:30 AM|
It was just over a year ago when Douglas Flint, Group Chairman of HSBC Holdings, spelt it out. “Management accounting" he said, "is a critical aspect of the finance function because it informs the board, investors and management why the numbers are what they are, not just what the numbers are.”
I covered it at the time at Forbes Europe.
Last week new global management acco...Read Full Post »
|Posted on September 15, 2014 at 3:35 PM|
Something very interesting - and a bit extraordinary - is happening. Money is going into hedge funds known for their stance as activist investors.
Highlighted by @miss_marriage (Madison Marriage) of the Financial Times, this coverage (no paywall) shows that investors poured $5.6 billion into activist hedge funds in the first six months of the y...Read Full Post »
|Posted on June 12, 2014 at 10:35 AM|
Wait for it. At the end of the 2014 bonus season, 68% of UK banking employees surveyed were not satisfied with their bonus payouts and 75% felt they should be paid more overall. So says Hays, the global recruitment group, which has just published its Bonus Satisfaction Survey 2014.
This survey might tell us more than it intends to about banking culture. Junior staff are the unhapp...Read Full Post »
|Posted on February 10, 2014 at 4:55 PM|
Here comes the cavalry - just in time for the embattled UK banking sector.
Sir Richard Lambert, ex editor of the Financial Times, ex Director General of the Confederation of British Industry (CBI) and that rare thing - a highly respected individual across sectors (who managed to get a knighthood with no one bitching which is almost unheard of....Read Full Post »
|Posted on January 12, 2014 at 2:15 AM|
All those on the 'I want to be a non-executive director (NED) on a FTSE100 board to get rich' bandwagon might need to think again. They are well paid but their role has changed dramatically since the financial crisis, the risk has increased, and now it seems a period of pay rises has come to an end.
Research from PwC shows that base board fees for NED roles in the FTSE100 are beginning to plateau after several years of rises as companies try to keep pay increases for ...Read Full Post »