HOW DO YOU RATE THE COALITION’S FIRST 100 DAYS IN POWER?

first_img whatsapp Tags: NULL KCS-content DR PATRICK NOLAN | REFORMIts goal of a smaller government and stronger society is right but many of its policies go in exactly the other direction. Governments need to take the tough decisions straight away when their political capital is at its highest. That means looking again at the big spending areas of health and welfare.DAVID FROST | BRITISH CHAMBERS OF COMMERCEEarly action on deficit reduction and burdensome employment regulation has been strongly welcomed. However, business wants to see more progress in areas such as international trade and reform of the UK’s planning system. We have not yet seen the appointment of a dedicated trade minister.RICHARD?LAMBERT | CBIBusiness has been impressed by the speed and direction of policy-making to date. This applies in particular to the government’s determined efforts to get the public finances back into shape. June’s Budget was seen as bold and audacious – and it needed to be.MILES?TEMPLEMAN | INSTITUTE OF DIRECTORSWe are delighted that the coalition has achieved two key early objectives – an ambitious deficit reduction plan and a bill facilitating more school competition. However, we are concerned that the government has yet to show a similar enthusiasm for grappling with the problem of over-regulation. whatsapp Tuesday 17 August 2010 7:44 pmcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ HOW DO YOU RATE THE COALITION’S FIRST 100 DAYS IN POWER? Sharelast_img read more

MPC split points to uncertainty about rates

first_imgSunday 3 October 2010 10:29 pm KCS-content Show Comments ▼ MPC split points to uncertainty about rates whatsapp whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULL THE rate setting arm of the Bank of England is officially divided. Monetary Policy Committee (MPC) member, Adam Posen, recommended last week that more stimulus be pumped into the economy to avoid a Japan-style lost decade. In stark contrast, hawk Andrew Sentance still argues that no further stimulus is needed… and then you have all the other MPC members somewhere in the middle.Ian Harnett, a European Strategist from Absolute Strategy Research, says the split within the MPC highlights a deep uncertainty at the heart of monetary policy, and this is one of the things holding back the markets. According to Harnett, over the next three months, policymakers on both sides of the Atlantic will seek to create a greater certainty about the framework used to solve internal and external debate. If more of a definition on normalisation were to be introduced (what policy makers actually are looking for), then chances are it could accommodate views by both Sentance and Posen. Harnett points out there seems to be a nominal GDP target (early last year, Bank of England (BoE) Deputy Governor Charlie Bean spoke about getting nominal GDP over five per cent), and an implicit unemployment target, but he thinks it’s apparent that the BoE isn’t looking at inflation at all at the moment. In other words, the BoE hasn’t recapitalised the capital markets to get bankers rich; it has done so to get people back to work.For the remainder of the year, and once we get more clarity on monetary policy, Harnett thinks we’ll see the FTSE 100 taking on its April peaks of around 5,800. He says we’re still in an environment where you want to re-risk rather than de-risk, and he recommends maintaining a cyclical bias with industrials beating retail stocks, and banks beating pharmaceuticals.Maurice Pomery, CEO of Strategic Alpha Limited, thinks the split at the BoE is similar to what is seen at other central banks, and says it is important for central banks to be much more global in their views. Pomery says that Posen and BoE Governor Mervyn King are definitely aware of the global implications of the financial markets and that global considerations should be at the forefront of their thoughts when they look at where rates should be in this country.Louisa Bojesen co-anchors European Closing Bell weekdays on CNBC. Sharelast_img read more

Bids are in for Carrefour’s southeast Asian assets

first_imgSunday 7 November 2010 8:00 pm Tags: NULL Share whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Bids are in for Carrefour’s southeast Asian assets KCS-content TESCO and Singapore’s Dairy Farm are among those to submit second-round bids for French retailer Carrefour’s Southeast Asian assets, it emerged yesterday.Carrefour, the world’s second largest retailer, had set a November 5 deadline for second-round bids in an auction which is expected to fetch $1bn (£620m).The auction has generated strong interest, mostly from trader buyers, according to reports.The supermarket operator is selling its shops in Malaysia, Singapore and Thailand to focus on markets where it holds leading positions.Dairy Farm, which is backed by Jardine Mathseon, is interested only in Malaysian and Singapore assets, while Tesco was pursuing most of the assets up for grabs, reports suggest.The auction is run in two separate processes, one for Thai assets and the other for Malaysian and Singapore assets. One source said that French retailer Casino Group, Thai retailer Berli Jucker and Thai Central Group are in the fray for Carrefour’s Thailand assets. Show Comments ▼last_img read more

AT A GLANCE: FINANCE BILL

first_img AT A GLANCE: FINANCE BILL Thursday 9 December 2010 9:08 pm PENSIONS– The existing effective obligation for members of a defined contribution pension scheme to purchase an annuity by age 75 is to be abolished, creating an increased flexibility.– In order to ensure that increased flexibility doesn’t lead to pension funds being exhausted with the recipients being forced to fall back on support from the state, the draft legislation also introduces a limit on direct draw downs set at 100 per cent of the equivalent annuity in most cases. – To exceed this limit, individuals will need to demonstrate lifetime pension income of at least £20,000 per year.FURNISHED HOLIDAY LETTINGS – The special UK favourable tax rates for furnished holiday lettings will now be made compatible with EU requirements by expanding it to apply to properties in both the European Economic Area and the UK. – But the minimum letting periods for properties to qualify are being increased. SMALL COMPANY TAX– Existing anti-avoidance legislation used to restrict the use of the lower rate of corporation tax for small companies in cases where the taxpaying company has “associated companies” will be replaced with a clearer purpose-based rule.– The rules are widely drafted so that an individual’s company will often be regarded as associated with any companies owned by other members of their immediate family, increasing the applicable rate of tax. – Changes included in today’s draft legislation are designed to relax the rules so as to only catch situations where substantial commercial interdependence exists.FOREIGN PROFIT TAXATION– The draft legislation sets out interim measures as part of the government’s ongoing project to reform the taxation of foreign profits for companies. – The changes currently proposed widen the exemptions from the controlled foreigncompany (CFC) regime and provide a permanent “opt-in” exemption from UK tax on the profits of a company’s overseas branches.CORPORATE CAPITAL GAINS– Consultation to simplify the taxation of companies’ chargeable gains when they buy and sell assets. – Simplification of the highly complex rules governing the use of capital losses in situations where the ownership of a company changes. – In particular, certain restrictions on the use of losses realised after the change in ownership are to be removed.– Simplification of the “value shifting” rules in an attempt to restrict their application to cases of genuine avoidance.– Simplification of the “degrouping charge” rules so as to reduce the number of cases in which a sale of shares in a company which is itself tax free by virtue of the substantial shareholding exemption (SSE) nonetheless crystallises a tax liability in the form of a degrouping charge.CORPORATE TAX ANTI-AVOIDANCE RULE– New targeted anti-avoidance provisions in other areas of corporation tax to target cases of perceived abuse, particularly in relation to financial instruments. A study has been put in place to look at this to be completed by 31 October 2011.ALCOHOL– New rates of duty applying to high-strength – 7.5 per cent alcohol by volume (abv) and above – and low-strength – 2.8 per cent abv and below beers as part of the government’s drive to discourage consumption of higher strength products.BANK LEVY– The levy on banks’ balance sheets will be 0.05 per cent, rather than 0.04 per cent for 2011 as announced previously. It will rise to 0.075 per cent in 2012, rather than the 0.07 per cent announced previously.DISGUISED REMUNERATION– Legislation will be introduced to ensure that income tax and national insurance contributions on employment income ar not avoided or deferred through the use of trusts or similar vehicles affecting 50,000 employees and bringing in up to £500m a year. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULL Show Comments ▼ whatsapp Share whatsapp KCS-content last_img read more

Goldman to exclude US from Facebook placement

first_img Show Comments ▼ Goldman to exclude US from Facebook placement Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp whatsapp GOLDMAN Sachs has decided to limit its private placement of Facebook shares to investors outside the United States, citing “intense media coverage,” according to the investment bank.“In light of this intense media coverage, Goldman Sachs has decided to proceed only with the offer to investors outside the US,” the company said in a statement.Goldman began notifying clients of its decision on Sunday night in Asia, and clients in Europe and the United States were being told on Monday, the Wall Street Journal reported.Goldman said the decision not to conduct a private placement of the shares of Facebook, a closely held company, in the United States was solely its own and was not required or requested by any other party. Monday 17 January 2011 1:46 pm alison.lock Tags: NULL Sharelast_img read more

Revenues jump at Eurotunnel

first_img whatsapp Tuesday 18 January 2011 7:56 pm Share Tags: NULL Revenues jump at Eurotunnel whatsappcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com CHANNEL TUNNEL operator Eurotunnel posted a 26 per cent rise in revenue for 2010 yesterday after the number of trucks carried on its shuttles through the tunnel rose 35 per cent.Eurotunnel said the volcanic ash disruption in April helped the firm return to its historic market share in cross-Channel transport, following the impact of a fire in the tunnel in September 2008.Eurotunnel is close to completing the first of four “safety stations” in the channel tunnel, to ensure passengers can escape trains that get stranded mid-journey. Bad weather during the fourth quarter, however, led to a five per cent drop in the number of cars on its passenger shuttles and a slight dip in traffic on Eurostar trains.Revenue rose to €187m (£156.6m) in the fourth quarter from €144.6m a year earlier, excluding insurance indemnities. Eurotunnel’s shuttles carried 305,100 trucks and 455,121 vehicles in the quarter. Eurotunnel chief executive Jacques Gounon said the tunnel’s planned high speed service, to be provided by Deutsche Bahn, was ready to start in 2013 providing the French and UK governments resolve an argument over safety and the bidding process for the route. “The tests in October made it clear that there is no issue regarding the length of the trains. It’s a political dispute which doesn’t involve the company,” Gounon said.“I am in a position to sue the governments, as it’s unfair for our company and passengers to block Deutsche Bahn trains for unfair reasons.”He added that Eurotunnel hopes to win several large freight customers in the coming months. KCS-content Show Comments ▼last_img read more

Oberthur and Bain mull De La Rue bid

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sunday 23 January 2011 10:37 pm KCS-content whatsapp OBERTHUR Technologies, the French group eyeing British banknote printer De La Rue, has joined forces with private equity firm Bain Capital to lift its bid.However, Bain will only support the deal if it gains approval from De La Rue’s board, sources said.De La Rue last month rejected a takeover approach from Oberthur worth £895m, or 905 pence per share, calling it “highly opportunistic”.Bain is now willing to provide some of the financing to allow Oberthur to raise the offer if backed by De La Rue.A weekend report said Oberthur would make a new bid of around 950 pence.The two firms have clashed since Oberthur made its offer, in particular over the nature of De La Rue’s relationship with its key customer, The Reserve Bank of India.A source familiar with the situation said earlier this month that De La Rue would not be awarded new contracts to supply the Reserve Bank of India in the immediate future, following production problems at one of its paper factories.A spokeswoman for De La Rue said the company would not comment on relationships with customers because of confidentiality agreements that are in place.However, De La Rue stated that orders taken since July 2010 were comparable with those won in the same period the previous year.The UK’s Takeover Panel said Oberthur must announce a firm intention to bid for De La Rue by 7 February or walk away.Last night an Oberthur spokesman refused to comment. Sharecenter_img whatsapp Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Oberthur and Bain mull De La Rue bid last_img read more

Sinclair Pharma to buy IS Pharma

first_imgMonday 14 February 2011 8:43 pm Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap KCS-content Specialty pharmaceutical company Sinclair Pharma is in advanced talks to buy IS Pharma in an all-share deal that creates a company worth over $200m (£124.7m), based on Friday’s closing share prices. Sinclair Pharma shareholders will own 62.4 per cent and IS Pharma shareholders would own 37.6 per cent of the new company, to be called Sinclair IS Pharma. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Sharecenter_img Show Comments ▼ whatsapp Sinclair Pharma to buy IS Pharma whatsapp Tags: NULLlast_img read more

LSE resumes trading after technical problem halts early trade

first_img LSE resumes trading after technical problem halts early trade whatsapp John Dunne Tags: NULL Share Friday 25 February 2011 3:44 amcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Trading in British shares was halted at the open this morning with bourse operator London Stock Exchange saying it was because of technical issues.Effectively there was no early trading in UK equities until 12.15pm after the computer problems. Earlier this month the LSE moved to a faster trading platform.On Tuesday, Borsa Italiana, a unit of LSE, suspended trading for hours because of a technical glitch. whatsapplast_img read more

Women do not want tokenistic promotions

first_img WHEN Lord Davies last week announced that companies should aim to have women filling 30 per cent of the seats on their boards by 2015, he warned that this represents a “last chance” for corporate Britain to instigate a change in behaviour, otherwise the government will be forced to impose statutory quotas.Clearly this is an issue that requires our attention, but few women looking to reach the top of their chosen profession want to succeed as a result of positive discrimination. Indeed many who have achieved senior positions through skill and hard work are rightly concerned that they may be judged, by the outside world, to have got there by another route.Any woman, indeed any person, promoted as a result of tokenism – be it real or perceived – may find themselves on the margins of the decision making process; on the board but not really part of the board. While targets are being hit and boxes are being ticked, it is very easy for the underlying problems to remain unresolved.And so, while we must clearly remain vigilant against practices that create barriers to meritocratic recruitment and promotion, changes in culture are more effectively addressed through education, not legislation.Aside from the enforcement of anti-discrimination legislation, is it the role of government to dictate to independent professions how they recruit new employees or promote existing staff, to enforce arbitrary quotas on the grounds of gender, ethnic origin or any other distinguishing feature? Many of us feel distinctly uncomfortable with this principle.Lord Davies’ announcement was followed by the news that 35 per cent of new non-executive board posts at FTSE 100 companies have gone to women this year, up from 15 per cent last year. In France there was a similar growth in the appointment of women to boards immediately before quotas were introduced. This sudden leap in recruitment may well reflect a sudden reassessment of the qualities of female candidates. There is, though, a lingering feeling that this does not represent real progress but is merely businesses pre-empting a political decision.There is a danger that businesses will simply recruit to reach their quota rather than change the culture of the business. Discrimination in all its forms can be very subtle and difficult to define so we need to focus on changing embedded prejudices and practices. This will not happen if the easy option is to tick a box.Good corporate governance is the key and shareholders need to question management on how they select for board appointments and to be assured that the process is fully transparent and based on ability rather than gender selection or cronyism.Stuart Fraser is the policy chairman at the City of London Corporation. Sunday 27 February 2011 11:01 pm Show Comments ▼ Women do not want tokenistic promotions whatsappcenter_img Tags: NULL whatsapp KCS-content Sharelast_img read more