Company directors are still lining their pockets at a phenomenal and increasing rate.
They are operating in rings, where each has a seat on many boards.
If shareholders were single people, they would never get away with it. But shareholders are more and more, boards of insurance companies and banks. So no board member is spending his own money, when he approves big rises for the directors.
In fact they can expect the same from their friends, when THEIR board looks at THEIR pay.
My solution is to limit directorships to ONE, unless you personally have a significant shareholding in a company.
For people to hold multiple posts on multiple boards is just inviting corruption, and boy, have we got it.
Limit directorships to ONE !
- mistermack
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Limit directorships to ONE !
While there is a market for shit, there will be assholes to supply it.
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