Financial services remuneration investigated by MPs

clock

An inquiry into the "crucial issue" of corporate governance at Britain's top financial companies has been launched by the Treasury select committee.

The move comes as corporate governance remains a hot issue as the government seeks to give shareholders more power to rein in companies' spiralling pay packages. Treasury select committee chairman Andrew Tyrie MP (pictured) said following the public bail-out of the banks in the financial crisis, corporate governance was a "crucial issue" for parliament. The committee will be taking evidence on board structure and composition, corporate culture, non-executive directors, the role of shareholders, remuneration, governance of risk and diversity. Tyrie said: "The committee will seek to ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read
Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Rachel Reeves to unveil Spending Review later today

Linus Uhlig
clock 11 June 2025 • 1 min read
Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read