Index October 2003
Comment
Shareholder rights and succession wrongs
Richard Northedge
The dilemma over appointing James Murdoch to run British Sky Broadcasting is a contest between corporate governance and
entrepreneurial spirit.
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Governance
BSkyB
Governance concerns as CEO steps down
BSkyB's institutional shareholders have expressed deep concern that chairman Rupert Murdoch's
30-year-old son James will be appointed chief executive in succession to Tony Ball.
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Boardroom pay
TUC clashes with other groups over pay restraint
The
Confederation of British Industry (CBI) has produced guidelines on directors' severance packages as part of its
response to the government's consultation on
Rewards for Failure.
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New York Stock Exchange
Governance reforms to follow Grasso resignation
Richard Grasso was forced to resign as chairman and chief executive, of the
New York Stock Exchange (NYSE) after losing board support for his remuneration package and criticism from large US
public pension funds.
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Final-salary schemes
Directors accused of pension hypocrisy
The
Trades Union Congress (TUC) has accused top directors of hanging onto their generous pensions while closing
final-salary schemes and replacing them with inferior defined-contribution (DC) plans for their staff.
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Special Feature
Managing a down turn
Albert Humphrey
The chairman of Business Planning & Development, believes the directors of companies require particular skills to cope in an
financial downturn. The key is involving the employees so they feel part of the business and more productivity is achieved from them.
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Governance in brief.....
More money and action required to fight fraud
The Combined Code should be strengthened so that listed companies must report to shareholders on their anti-fraud policies and programmes or the lack
of them according to the watchdog, the
Fraud Advisory Panel in its
annual report.
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CSR in brief.....
Reporting rises in the UK
With the number of companies among UK's top 250 firms reporting on corporate social responsibility (CSR) rising to 132 in the year to 25 July 2003
from 105 in the previous year experts are predicting that there could be 100% reporting among UK firms.
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Conferences
Topical governance and CSR-related conferences.
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October, 2003 |
