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Kay proposals can promote better corporate decision making - but mandatory approach may be needed
Commenting on the publication yesterday (Monday) of the Kay Review of equity markets and long-term decision making, TUC General Secretary Brendan Barber said:
'This review provides a welcome recognition of the problems that short-termism is causing for British business and for our future economic growth.
'Many of the Kay Review recommendations could help to promote longer-term corporate decision making and get top pay under control.
'But questions remain as to whether a voluntary approach can achieve the changes in culture and practice the UK needs. The government may have to examine regulatory changes if we don't start to see a real cultural shift.'
NOTES TO EDITORS:
- The Kay Review is available at http://bit.ly/NGqccr
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
- Congress 2012 will be held at the Brighton Centre from Sunday 9 September to Wednesday 12 September. Free media passes can be obtained by visiting www.tuc.org.uk/mediacredentials and completing an online form. Applications must be in by noon on Wednesday 29 August. Any received later than that will be processed in Brighton and will cost £50. Please note that the Brighton Centre requires 60 days' notice for telephone line facilities. Details available on the link above.
Contacts:
Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Elly Gibson T: 020 7467 1337 M: 07900 910624 E: egibson@tuc.org.uk
