Plan to freeze bankers’ bonuses gets support


The Bank of England

LONDON: One of Europe’s largest independent shareholder advisers is backing the Bank of England’s call for restraints on bankers’ pay while the coronavirus roils the economy.

Tim Bush, head of corporate governance at Pensions & Investment Research Consultants, said banks shouldn’t pay any bonuses at all to their senior executives. That echoes the stance taken by the UK’s central bank, which had already forced major lenders to cease paying dividends and buying back their shares.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bank of England , bonus ,

Next In Business News

Able Global board takes over executive functions as MACC probes chairman
KWAP’s fund grows to RM185.6bil in 2024; records highest net investment income of RM18bil
FBM KLCI slips below psychological 1,600 level as caution weighs on market
Gold firms on US tariff concerns ahead of key US data
Oil falls as potential Ukraine peace deal may ease supply disruptions
Anwar: Foreign holdings in capital market remain around 19% as of January 2025
Malaysia to launch natural gas plan, building on RM52bil contribution to GDP
T7 Global wins five-year contract with EnQuest Petroleum
China leads in energy transition investment
MAHB applies for delisting after consortium secures 98.68% stake

Others Also Read