UK - Corporate governance review author Derek Higgs has admitted the first draft of the document was "too prescriptive and harsh".
Speaking at a meeting of the Association of Chartered Certified Accountants, Higgs said the draft felt too much like regulation and it needed redrafting.
Former NAPF investment committee chairman Alan Rubenstein launched an attack on the report last month, where he dismissed it as “irrelevant”.
And Liberty International chairman Donald Gordon has called the proposals unrealistic, impractical and likely to be detrimental to business if adopted.
However, NAPF chief executive Christine Farnish has tirelessly defended the conclusions reached by Higgs, saying that it was the prerogative of any company board to decide if parts of the code were not appropriate and explain why.
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The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.