TITLE

Will the Financial Services Act 2010 really curb big City bonuses?

AUTHOR(S)
Glover, Jeremy; Pritam, Anne
PUB. DATE
May 2010
SOURCE
People Management;5/20/2010, p33
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article examines whether the Financial Services Act 2010 can limit city bonuses in Great Britain. In the draft policies published by Her Majesty's (HM) on the remuneration of executives, companies authorised by the Financial Services Authority (FSA) are said to be mandated to present their remuneration reports. Also noted is the concern on the capacity of the legislation to provide the FSA with authority to disregard employment contracts, which was raised following launch of such policy in November 2009.
ACCESSION #
51162280

 

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