Government to review bonuses in publicly-funded bodies
The government has launched a Whitehall review of bonus payments in organisations with some element of public sector ownership in order to ensure the rules are fit for purpose and command public confidence.
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“Public sector bonuses: government launches review” by Hélène Mulholland, The Guardian, 13 February 2012:
“Bonus crackdown: failure must not be rewarded, says Nick Clegg”, by Robert Winnett and James Kirkup, The Telegraph, 13 February 2012:
Update on the Regulation of Pay in Financial Services
Pay in the financial services sector continues to provide ample material for the media, with high-profile bank executives seemingly queuing up to waive their bonuses, whether out of a sense of honour or necessity. Generally bankers’ bonuses, af...