"either an idiot... or possessed of a dangerous agenda and very cunning"
Thursday, 3 February 2011
Here's a quick question for you. The recommendation that directors of FTSE350 companies face annual elections attracted a fair bit of criticism from some people. One of the main arguments that was used against it was that it would increase short-term pressure on boards. Only a few months after the annual elections policy was adopted by the FRC, the BIS consultation on... err... short-termism (and other issues) came out. So presumably those that believe that the policy will lead to short-termism will have raised this with BIS, right?