Dimonising Business

On 20th May it was announced that five of the world’s largest banks are to pay fines totaling $3.6bn for charges which include manipulation of the foreign exchange market. These fines are a new high (low?) watermark for regulatory penalties imposed on financial sector companies but it is notable that news headlines about the fines focused on the record size of the fines rather than the fact that the regulators (including US, UK and Swiss authorities) had been forced to take action.… Read the rest

UK unitary boards – the beginning of the end?

The  announcement by FTSE 100 copper miner Antofagasta that there will no longer be any executive directors on its board means the unitary board system is no longer synonymous with UK corporate governance and is a first for a UK listed company (investment trusts aside).… Read the rest