Barclays’ boss is being investigated by two regulators: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The reason seems to be that the CEO wanted to uncover the identity of a whistleblower within the bank.
Of course this is quite contrary to the bank’s own policies on the matter, as set out in . . . → Read More: Pricing in bad behaviour
Here is my ACCA blog post on traceability.
Over recent months the government has declared that employees (including bosses) should be neither over-paid nor under-paid. That’s fine – but how do you judge what is too much or too little?
It turns out that at the top, the level of pay for CEOs currently bears no relationship to performance, as measured by return on . . . → Read More: How much is a human being worth?
The main mass circulation UK newspapers have set up IPSO to regulate themselves. Everyone else wants something independent of the newspapers to regulate the industry. The main alternative proposal is Impress, supported by Max Mosley and the Rowntree Trust.
The newspapers say that if anyone else controls them it could mean the end of press freedom . . . → Read More: The press cannot regulate itself
And for that matter, where does everything go?
We live in a world with global supply chains and apparently bottomless consumption. The demands of the market are that companies get stuff and sell it – but they do not often remember where it came from and perhaps don’t much care where it goes. So to deliver accountability . . . → Read More: Where does everything come from?
If the entire earth were a business, what would it be worth? That is one of the central ideas of ‘What’s the point of capitalism?‘ a new ebook by Joss Tantram.
The analysis is a good read and the issue important. This is the first in a series questioning how 9 billion people – the population we . . . → Read More: A living concern
Now that Brexit is on its way, everyone is trying to work out what it means. I believe the most profound implications are not about the re-configuration of the UK’s political parties, or the length of time withdrawal may take, or the possible economic impact – or even the fragmentation of the United Kingdom.
The . . . → Read More: Brexit after Brexit
Here is my post about the ownership of natural capital on the ICAEW website.
Labour Behind the Label has released a report that criticises the achievements of H&M and M&S in their clothing supply chains.
M&S in particular comes off in a bad light. Its 2010 Plan A commitment to deliver a living wage appears to have failed. What the report establishes is that workers in key parts of M&S’ supply . . . → Read More: Is Plan A a stitch-up? Or just over-spun?
Tesco has been roundly criticised by the Grocery Code Adjudicator over its treatment of suppliers. The adjudicator investigated “the length of time taken to pay money due to suppliers, unilateral deductions from suppliers and an intentional delay in paying suppliers”. The findings leave no doubt that Tesco was engaged in substantial supplier abuse. In fairness it . . . → Read More: Supplier abuse