1. Earn the bonus, or else
UK company directors must justify dividend payments and face the threat of their bonuses being clawed back if they do not act in the interests of customers and employees, the government proposes. A long-awaited white paper is designed to prevent more controversial corporate collapses, reports The Times. The intention is to prevent a repeat of accounting and corporate governance scandals at firms such as Carillion and BHS. The stringent new requirements for directors of listed and private firms include plans to reduce the dominance of the Big Four accounting firms, KPMG, Deloitte, PwC and EY...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.