Internet Archive Book Images
Internet Archive Book Images

I’ve previously commented on the surprising governance initiatives of the Conservative (yes, Conservative) Prime Minister of the UK.  Well, our friends across the pond are at it again – or maybe it’s just more of the same.

Specifically, on April 5, Parliament’s Business Committee issued a series of recommendations contemplating the following:

  1. The Financial Reporting Council (FRC) should be empowered, among other things, to report publicly on board or individual director failings.
  2. The FRC should rate companies on governance practices. The ratings would be color-coded (red, yellow and green), and companies would be required to reference them in their annual reports.  If you’re thinking of Hester Prynne’s scarlet letter, you’re not alone.
  3. Companies would be subject to a slew of new rules on pay:

Continue Reading Heck, Britannia!

The United Kingdom has a new Prime Minister.  Her name is Theresa May, and she’s a member of the

Photo by Scott P
Photo by Scott P

Conservative Party.  Remember that, because what you are about to read will probably lead you to think otherwise.

In a speech made a couple of days before Ms. May became Prime Minister, she said that she would pursue the following actions if she were to become Prime Minister: Continue Reading What happens in England