Wednesday, 4 May 2011

Rank Corporate Governance - Get it while it's hot...

Our friends in Italy played a blinder with this gruesome piece of corporate governance at Generali. No doubt justifiable in executive circles, a €14m pay-off that includes 'loss of corporate jet' money is not just hard to swallow, it barely fits on the dinner plate to start with!

The egomaniacal dual-role board leaders should enjoy this indian summer while it lasts, because if Solvency II doesn't get them, the EU Corporate Governance code surely will.

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