UK - US media and entertainment group Walt Disney has reorganised its board in an ongoing drive to raise corporate governance standards.
Group vice-chairman Roy Disney and non-executive Stanley Gold resigned last month after criticising the management of the company.
The board, which rejected the criticism, is being reorganised as part of a move to improve transparency and appoint more independent directors.
The company said all but three of the 13 board members were now fully independent and a new code of conduct and business ethics for directors had been adopted.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.