Category: New Capital Consensus and Investment Reform

“Our system of corporate governance is rightly envied and emulated around the world” according to the Prime Minister’s introductory words in the White Paper on corporate governance. That…

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It is a truth universally acknowledged that any new political age, or groundbreaking political movement, must be in want of an economic theory. And not…

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Last month, I spent a day hi yu at a public-sector shared services conference in Manchester. The experience moved me to write. I hope it…

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Because its form left much to be desired, we thought it had no substance. In Europe, we are beginning to understand that we have been…

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The pension implications of the collapse of Carillion are scandalous – as well as tragic for the people involved. Senior management used cash, debt and asset…

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Let me start with a story, which has to be a little obscure to protect the innocent. The government has a Voluntary Repatriation Scheme for…

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The collapse of government contractor Carillion will spread havoc. Sympathy for its creditors may not be overwhelming. But the impact on those who depended on…

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It is a strange thing, vouchsafed to few of us, to find ourselves vindicated by the National Audit Office of all people. Yet I have…

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In our review of corporate governance last year, we took the view that the UK should move from its primary focus on ‘creating shareholder value’ to a…

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A few weeks ago I received a mass email from Lufthansa. They were about to change the miles awards for their frequent flyer programme. They…

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Cast your mind back, if you can, about 160 years to the end of 1858 – when the European crisis was emerging  that would have…

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The sounds of hoofs is growing, the noise of the emerging antitrust movement is not exactly deafening, but it is at least audible. I cite…

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