What’s the point of non-executive directors? The idea that non-executive directors (NEDs) are a useful addition to the way that companies are managed or governed has grown from small beginnings to become a massive industry in its own right. There are dozens of websites and programmes to help aspiring NEDs to find roles; and toContinue reading “Are Non-executive directors completely useless”
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Are non-executive directors more useful than a bidet?
As the saying goes “A non-executive director is like a bidet. It’s pretty expensive, takes up a lot of space in the bathroom, and no one knows what it is really for”. Development and the ‘feel good’ factor The organisation Promotion of Non-executive Directors (PRO-NED) 1982 was a result of financial scandals like the GuinnessContinue reading “Are non-executive directors more useful than a bidet?”
What is FCA’s new concept of ’Consumer Duty’ all about?
Clearly it’s about more than just complying with regulations or even principles like ‘treating customers fairly.’ And not just the AoV which attempts the same or the SMCR, which tends to be too role specific and where training is used mainly to demonstrate compliance rather than understanding. But most of those who will be subjectContinue reading “What is FCA’s new concept of ’Consumer Duty’ all about?”
Does consumer protection protect consumers?
No clear responsibility The key principles that underlie most investor protection or ‘treating customers fairly’ can be simply expressed. Here are some practical things a fund management company can do to attract and retain the loyalty of its customers. Give the customer what they paid for Don’t take advantage of the customer. Offer the customerContinue reading “Does consumer protection protect consumers?”
All about investment funds 