Walker Report: Banks Risk Carbon Copy Non-Execs
As the UK finance industry ponders the repercussions of Sir David Walker’s report on the banking sector, much has been made of proposals to declare the number of employees paid £1m or above. While this is an emotive issue that provides for great headlines, it’s likely this measure will have little impact on the growth or collapse of the UK financial sector. Speaking to Chizu Nakajima, director for finance regulation and crime at Cass Business School and Charles Cotton, performance and rewards advisor for the CIPD, it’s plain they are worried the Walker report concentrates too heavily on remuneration and does little to address the underlying problems with the sector. These problems, they maintain, are around corporate culture and talent management. One of the…
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