UK - Directors could face "red cards" for breaking corporate governance rules under new proposals from the Financial Services Authority.
The FSA can currently fine directors who knowingly breach rules for personal gain. But an FSA spokesman said: “The fine is a reprimand – or a yellow card – and we believe complete disqualification...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
