“The Government will move quickly to implement the reforms of bank pay and governance proposed today by Sir David Walker. Sir David’s review was commissioned by the Government earlier this year to explore failures of corporate governance and management of banks. His final report suggests a series of reforms to strengthen the role of shareholders, improve the quality of bank boards, and to increase transparency of pay and bonus policies.”
HM Treasury, 26th November 2009
Source: www.hm-treasury.gov.uk
