Clawback proposals to target directors and stop future payouts if companies collapse
The government plans to make it easier to claw back bonuses paid to executives of failed companies in what is being billed as the biggest shake-up of Britain’s corporate governance rules in decades, with ministers vowing to target negligent auditors and rogue directors.
Part of a sweeping series of reforms designed to break the dominance of the big four accounting firms, the new measures were outlined by the business secretary Kwasi Kwarteng in a consultation launched on Thursday.
