BBC to review editorial policies after Diana interview scandal May 24, 2021 The BBC will carry out a review into its editorial policies and governance in the wake of a scandal over reporter Martin Bashir’s interview with Princess Diana. A report into the interview published last week found the broadcaster had covered up the “deceitful” tactics used by Bashir in securing the explosive 1995 sit-down. It blasted [...]
Hochschild Mining braces for investor revolt as proxy advisers continue to flex their muscles May 24, 2021 Aston Martin Lagonda and Hochschild Mining are the latest companies to face shareholder rebellions over pay and diversity as activist investors continue to flex their muscles. Hochschild is bracing for a rebellion after shareholder advisory service Glass Lewis told clients to reject its pay report later this week, the Times reported. It’s said to be [...]
Serious Fraud Office encouraged ‘Machiavellian’ top City lawyer to leak client’s file, court told May 24, 2021 The Serious Fraud Office encouraged a “Machiavellian” top City lawyer to leak confidential information about his client while it was under investigation for alleged bribery, corruption and fraud, the High Court heard today. Eurasian Natural Resources Corporation (ENRC) is suing the SFO for alleged misfeasance in public office over an investigation into the Kazakh mining [...]
In defence of the long lunch: Business needs the human touch May 24, 2021 No-one quite knows when the long lunch suffered a mortal blow. Perhaps it was the financial crisis of 2007-08, when money lost its lustre. Perhaps it was before that, in the 1980s, when US working cultures flooded the City of London after the Big Bang. The grim phrase “al desko” was first recorded in the [...]
New report urges UK and US to lead the world in climate-related financial services regulation May 24, 2021 UK and US regulators need to urgently increase collaboration to support the development of global standards in climate-related financial services regulation, according to a newreport launched today [24 May] by the City of London Corporation. Data, Direction, Dialogue: opportunities for UK-US collaboration on climate-related financial services regulation presents a series of opportunities and recommendations for UK and [...]
G7 closing in on deal for global corporate tax shake-up May 24, 2021 The G7 is said to be nearing an agreement over corporation tax for multinationals, paving the way for a new global tax regime cracking down on some of the world’s largest companies. A pact between the major economies could be inked as early as Friday following progress in talks among top officials in recent days, [...]
ENRC opens £70m claim against SFO and top law firm Dechert May 24, 2021 A multi million pound claim against a top City law firm and the Serious Fraud Office for an alleged breach of contract will be heard at the High Court today. Mining firm Eurasian Natural Resources Corporation (ENRC) is suing law firm Dechert and one of its former partners Neil Gerrard for an alleged breach of [...]
Flood the streets with art: traffic-free weekends and an all-night celebration in the City for a cultural comeback May 24, 2021 The City’s reopening is building up to a crescendo with the return of visitors and audiences to some of the Square Mile’s iconic cultural institutions. One of the things that I – like many others – have missed the most during lockdown has been the opportunity to enjoy world-class art and culture in person rather [...]
Sheree Atcheson: Allies and analytics May 24, 2021 Action plans and good intentions are all very well, but is your ED&I strategy truly effective? Sheree Atcheson outlines the road to successful implementation. This article first appeared in ICAS’ CA magazine. Writing in The Times last month, former Conservative minister, now NED at Goldman Sachs, Sam Gyimah argued ethnic diversity isn’t “woke” but rather [...]
After the Martin Bashir scandal, the BBC must claw back its status as a cultural embassy for Britain May 24, 2021 It has been a bad weekend for the BBC. The fall-out from Lord Dyson’s report on Martin Bashir and his infamous interview with Diana, Princess of Wales, has exposed not just individual wrongdoing by a rogue journalist but an institutional desire—and ability—to look the other way and excuse appalling behaviour because it delivered a scoop [...]