Governance Watch - Issue 6

Governance Watch  - Issue 6

Ethics and Reputation

You may have seen a story in the Financial Times this week around JPMorgan and accusations of fraud. But if you were to do a Google search for ‘JPMorgan accused of fraud’ as a partly-remembered-headline-seen-in-passing in order to find it again, you would get a long list of stories containing both the bank’s name and allegations of fraud involving single individuals or ex-employees, going all the way back to 2004.

Governance Watch - Issue 5

Governance Watch - Issue 5

Executive Pay

There has been no shortage of headlines screaming of shareholder and stakeholder concern around levels of executive pay at publicly listed businesses. This concern has also been reflected in the UK Government’s consultation on corporate governance reform, and the report from the Parliamentary Select Committee, just out.

Governance Watch - Issue 4

Governance Watch - Issue 4

An AGM For Workers

It certainly made the headlines in the Derby Telegraph as well as in Britain’s national newspapers. Employees at FTSE 100 engineering giant Rolls-Royce plc are to be given a chance to grill bosses about the company's recent performance. For the first time the firm, which has its civil aerospace and nuclear divisions in Derby, is set to hold an Annual General Meeting for its workers, which is likely to take place at Derby County's Pride Park Stadium in May, the paper reported.

Governance Watch - Issue 3

Governance Watch - Issue 3

Executive Pay

Surely they weren’t ‘burying the news’?

On Budget Day the loss-making Royal Bank of Scotland announced it had awarded bonuses in deferred shares amounting to almost £16 million to its top management team – just a little less than the £17.4 million that was awarded a year ago.

Governance Watch - Issue 2

Governance Watch - Issue 2

Social Media

Bovis Homes – one of the biggest housebuilders in Britain - is to pay out £7m to repair poorly built new homes sold to customers. The compensation comes after angry customers took to social media and accused the business of pressuring them to move into incomplete houses so it could hit its sales targets.

Governance Watch

Governance Watch

Corporate Governance has been called ‘the very essence of a business.’ It can hit the media headlines in multiple ways – but few of them are likely to be beneficial to the business in question. Because by the time it has made the headlines, the odds are that corporate governance has failed at some level.

In Governance Watch we regularly bring you some of those recent headlines around governance, in order to raise an early flag for their wider implications for each listed business.