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UK floats pay-ratio disclosure in corporate governance consultation

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first_imgThe UK government has launched a consultation on corporate governance in the country that includes the idea of intra-company pay ratios as one means of addressing concerns raised by institutional investors about excessive pay. The department for business, energy and industrial strategy (BEIS) unveiled the green paper today.It is designed to “stimulate a debate on a range of options for strengthening the UK’s corporate governance framework, including options for increasing shareholder influence over executive pay and strengthening the employee, customer and supplier voice at boardroom level”.One of the topics it is seeking feedback on is corporate governance in privately held businesses. The government said it did not have “preferred options at this stage”.The consultation comes two days before the PLSA is due to publish its AGM report.Luke Hildyard, stewardship and corporate governance policy lead at the association, said it would highlight “how our pension fund members feel about current levels of executive pay” and set out how satisfied pension funds were with respect to asset managers fulfilling their stewardship responsibilities.“Our members are concerned by the rising levels of executive pay and believe the justification for this increase is weak,” said Hildyard.“We are pleased the government’s green paper is expected to include proposals we have previously advocated, including the publication of intra-company pay ratios.”The UK’s Financial Reporting Council (FRC), responsible for the country’s corporate governance and stewardship codes, welcomed the government’s “wide-ranging” consultation.The government green paper comes after the BEIS select committee earlier this year carried out a corporate governance inquiry, with the FRC noting that it made recommendations as part of this, such as on developing the role of the remuneration committee.The FRC said it stood “ready to develop and implement these proposals to help support a strong economy and meet the needs of wider society”.Leon Kamhi, head of responsibility at Hermes Investment Management, said the measures proposed by the government “look set to strengthen investors’ hand on pay, and it is now incumbent on both companies and us as investors to respond to the challenge of excessive executive remuneration”.Publication of a CEO-to-median-employee pay ratio, he said, was “not a panacea” but would provide welcome increased transparency, “as it puts pressure on boards to explain the rationale behind the level of executive remuneration and disparities in pay across the organisation”.He noted that the government did not propose elected employees on boards, a measure Hermes IM would have liked to see.Employee representation on boards is a measure prime minister Theresa May called for in corporate governance comments in her early days in office, although she has since backed away from this.Frances O’Grady, general secretary at trade union TUC, said the government’s proposals were “disappointing” and would “not do enough to shake-up corporate Britain”.“This is not what Theresa May promised,” she said.“We need the voice of elected workers in the boardroom, rather than on advisory panels.”last_img read more

STAFF : Orange tennis stays hot with weekend sweep of West Virginia and Pittsburgh

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first_img Comments Syracuse (10-4, 5-1 Big East) picked up a pair of wins against two conference foes last weekend, defeating West Virginia 6-1 on Saturday and Pittsburgh 7-0 on Sunday. No. 39 SU has now won eight of its last nine matches.Emily Harman and Amanda Rodgers dominated their respective singles matches against the Mountaineers. Alessondra Parra, Maddie Kobelt and Komal Safdar also picked up victories for the Orange in singles.Due to an injury, the Mountaineers were unable to field a tandem for No. 3 doubles, handing SU the doubles point and the victory.Syracuse started quickly out of the gates Sunday, sweeping the Panthers in doubles to capture the early 1-0 advantage. The senior duo of Harman and Parra took care of business in No. 1 doubles, winning 8-5. Kobelt and Rodgers earned a 9-7 win, while Safdar and Anika Novacek cruised to an 8-3 victory.Rodgers extended her singles winning streak to 12 games with a 6-4, 7-5 decision against Taylor Washington. With the win, Rodgers now holds a team-best 13-1 singles mark.AdvertisementThis is placeholder textParra defeated Molly Wickman 6-0, 6-3, and Novacek recorded her first career singles victory with a 6-2, 6-3 win in the No. 6 match.The Orange is off until March 23 and 25, when it hosts Binghamton and Boston University.—Compiled by Austin Mirmina, staff writer, [email protected] Published on March 4, 2012 at 12:00 pmcenter_img Facebook Twitter Google+last_img read more

Stock watch: Devin C. Butler up, just about everything else down down

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first_img Published on November 19, 2017 at 9:32 pm Contact: [email protected] | @jtbloss SafetiesSU had just two breakups, one sack and two quarterback hurries. Part of that can be attributed to the fact that Lamar Jackson is among the best players in the country. Most of it, though, can be credited to an SU defense that played poorly on all levels. The safety play, in particular, could have been better.Sophomore Evan Foster missed out on several tackles, the most glaring of which came on a Lamar Jackson 43-yard touchdown run. Foster had a chance one-on-one to bring Jackson down in the flat and whiffed. Later, redshirt junior safety Rodney Williams had a perfect pass from Jackson sail right past him on a 72-yard touchdown.Zack MahoneyAfter struggling heavily in the second half of SU’s loss to Wake Forest, Mahoney continued on the same track against Louisville. He continued the trend of throwing an interception on the opening drive of a road game, and added a second interception later. The senior completed just five of his 15 pass attempts. Redshirt freshman Rex Culpepper replaced him in the second quarter.Mahoney fell to 1-8 as a starter since coming to Syracuse as a walk-on and earning the backup role. The latest loss couldn’t have come at a more inopportune moment. Comments Facebook Twitter Google+center_img Bowl aspirations are as good as dead for Syracuse (4-7, 2-5 Atlantic Coast) after a 56-10 demolition at the hands of Louisville (7-4, 4-4) at Papa John’s Cardinal Stadium on Saturday evening. Without quarterback Eric Dungey, Syracuse’s offense crumbled while Louisville’s star quarterback, Lamar Jackson, led the way with nearly 400 yards of total offense — seeming to do so with relative ease.Here’s a look at some of the notable performances from the game.Stock upDevin C. ButlerSyracuse’s offense was atrocious; two quarterbacks combined for 13 completions and not until the fourth quarter did the unit score a touchdown. If there was one bright spot, it had to be Butler, the only receiver to haul in more than two catches on the day. The sophomore finished with five receptions for 63 yards. A few times, he was able to stretch out short passes for a few extra yards.All season long, Butler was one of a few vying to permanently fill SU’s second outside receiver position opposite Steve Ishmael. As a quarterback for most of his life, he’s yet to master the ins and outs of the position. But he will have to play a larger role in the offense next year, and any sort of flashes late in the year are good building blocks to take into the offseason.Cole MurphyIn his only field goal attempt, Murphy nailed a 51-yarder with relative ease. Yes, he had the wind at his back, but it would have likely gone in for 60 yards out, too. And given the senior kicker’s intermittent struggles on the road, the hit was a bright spot on a miserable day for SU. It brought SU within four points of Louisville at the time.AdvertisementThis is placeholder textStock downSteve IshmaelThe senior wide receiver needed three catches on Saturday to break SU’s single-season receptions record set by Amba Etta-Tawo last year. With 54 yards, he would have passed Marvin Harrison as the school’s all-time leading receiver in yards.Ishmael didn’t claim any of those records. He finished with just two catches for 29 yards despite having at least four catches in every game so far this year.After the game, Ishmael told Syracuse.com that his lack of production had nothing to with the fact that Louisville’s top corner Jaire Alexander covered him for most of the game, instead suggesting that the weather made it tough for the quarterbacks to get him the ball. On Twitter, Alexander begged to differ, painting a not-so-pretty picture of how Ishmael responded to the struggles.last_img read more

DONEGAL MINOR STAR LORCAN REWARDED FOR HIS ‘ELECTRIC’ PERFORMANCE

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first_imgLorcan O’Connor received his award from Patrick McCarney, Customer Relationship Manager, Electric Ireland after his star performance in his team’s win over Antrim in the Electric Ireland Ulster Minor Football Championship.Donegal minor star Lorcan O’Connor will be hoping he can repeat the stunning performance he produced against Antrim on Sunday in the Ulster decider next month. O’Connor was in blistering form and was awarded the man-of-the-match award as he and his Donegal team mates blasted past the Antrim challenge and booked their place in the Ulster MFC.Donegal haven’t contested an Ulster final since 2006, a team which featured current Donegal stars Michael Murphy and Martin McElhinney. Declan Bonner will be hoping his young charges can take back the Ulster minor crown to Donegal for the first time since 2006.Donegal have delivered impressive performances over Derry and Antrim en route to the Ulster MFC decider and will be fancied to capture the title.The Donegal senior side will be attempting to recapture the Ulster title they relinquished last year to Monaghan and Donegal supporters will be dreaming of a ‘dream double’ in Clones on July 20th.  DONEGAL MINOR STAR LORCAN REWARDED FOR HIS ‘ELECTRIC’ PERFORMANCE was last modified: June 25th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Declan BonnerdonegalLorcan O’ConnorMFCnewsSportlast_img read more