Via MP bids to hold directors to account for losses | News | Money Marketing: All-party Parliamentary group on economics, money and banking chair Steve Baker wants directors of financial institutions to be forced to take personal liability for their firms’ losses. In a private member’s bill to be debated later this month, Conservative MP Baker calls for any losses to be “made good” first by directors’ bonuses which should be held back for five years, and then by personal bonds […]
Tags: Financial Crisis, Financial Institutions (Reform) Bill, Liability, Moral Hazard, Parliament