Since at least Friedman's 1970: "The social responsibility of business is to increase its profits", it has become common to refer to the shareholders of a firm as its owners; a mistaken view that leads to much confusion and wasted effort.
On top of this misconception, in their 1976 paper , Jensen and Meckling compounded the matter by asserting that: "the relationship between the stockholders and the managers of a corporation fits the definition...
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.