PUBLIC SECTOR
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.
Want to know more?
“Public sector bonuses: government launches review” by Hélène Mulholland, The Guardian, 13 February 2012:
www.guardian.co.uk/business/2012/feb/13/public-sector-bonuses-government-review
“Bonus crackdown: failure must not be rewarded, says Nick Clegg”, by Robert Winnett and James Kirkup, The Telegraph, 13 February 2012:
www.telegraph.co.uk/finance/newsbysector/banksandfinance/9078790/Bonus-crackdown-failure-must-not-be-rewarded-says-Nick-Clegg.html
Date 13/02/2012
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...
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