Human Resources

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UK regulator reminds firms' of importance of diversity on management bodies

The PRA today published a letter it had sent to firms regarding the PRA rules on diversity within firms’ management body. This letter is a reminder of the important role that diversity plays in promoting good governance, and the obligations on firms in this area. There is a risk that group-think undermines good governance in firms, …

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FSB reports on Compensation Tools to Address Misconduct in Banks

The Financial Stability Board (FSB) hosted a round table on compensation practices to share experiences and lessons on the use of compensation tools to address misconduct in banks on 10 May 2016 and published a respective summary today. The round table considered the processes for governing and applying compensation and related risk management tools to …

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