UK - PIRC will urge the government to make radical reforms to the non-executive role to ease boardroom tensions.
PIRC is preparing its response to the Higgs enquiry – the DTI’s probe into the role of the non-executive director.
PIRC managing director Allan MacDougall said the tensions within many company boards were “inherently unreconcilable” and there was a strong case for radical thinking from the government on board structure and membership.
MacDougall said: “We should be questioning whether trying to combine supervisory, advisory and executive functions in one body is tenable.
After all, the separation of ‘non-executive’ supervisory functions from day-to-day management is the norm in the voluntary sector.”
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.