Thursday, 3 February 2011

Short-termism policy

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?

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