TITLE

HR to have greater role in reformed City reward

AUTHOR(S)
Phillips, Lucy
PUB. DATE
July 2009
SOURCE
People Management;7/16/2009, Vol. 15 Issue 15, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the plan of the British government to settle compensation practices in the banking sector. A white paper published by the Treasury will give powers to the Financial Services Authority (FSA) to penalise banks whose pay and bonuses encourage excessive risk taking. The FSA needs to report to the government on whether banks have met the code of conduct on remuneration. Charles Cotton, adviser of the Chartered Institute of Personnel & Development (CIPD), commented on the impact of the system on human resources (HR).
ACCESSION #
43741587

 

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