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Mallin: Corporate Governance 2e

Chapter 9

Turner Review (2009)

Page 143 of book

The report of ‘The Turner Review: A regulatory response to the global banking crisis’ was published in March 2009, and highlighted that executive compensation incentives encouraged ‘some executives and traders to take excessive risks’. The full report is available at:
www.fsa.gov.uk/pubs/other/turner_review.pdf

The House of Commons Treasury Committee (2009)

Page 143 of book

The House of Commons Treasury Committee reported in May 2009 on the ‘Banking Crisis’ reforming corporate governance and pay in the City. The full report is available at:
www.publications.parliament.uk/pa/cm200809/cmselect/cmtreasy/416/416.pdf

The European Commission

In April 2009, the European Commission announced new guidelines for directors’ remuneration which include, inter alia, performance criteria to promote long-term sustainability. Full details at:
http://ec.europa.eu/internal_market/company/directors-remun/index_en.htm