HR to have greater role in reformed City reward

Phillips, Lucy
July 2009
People Management;7/16/2009, Vol. 15 Issue 15, p6
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).


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