Walker demands greater focus on risk, shines spotlight on £1m earners

26 Nov 2009

The Walker review on corporate governance of banks in the UK was published on Thursday morning, recommending an independent chief risk officer reporting directly to the CEO and the board, and anonymous disclosure of a firm’s highest remuneration packages.

The report largely reiterates the interim recommendations put forward in July, calling for greater board engagement in risk management and an expansion of remuneration committee’s remit to cover all so-called “high end” employees who can affect the risk profile of the firm.

David Walker stopped short of recommending that ...

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