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Banking Standards - Submission From Professor Stella Fearnley (Bournemouth University) And Professor Shyam Sunder (Yale School Of Management) (S037), Shyam Sunder, Stella Fearnley
Banking Standards - Submission From Professor Stella Fearnley (Bournemouth University) And Professor Shyam Sunder (Yale School Of Management) (S037), Shyam Sunder, Stella Fearnley
Shyam Sunder
Executive Summary
1. Introduction
2. Loss of trust and excessive remuneration in the banking sector
We recommend that the work of the High Pay Commission, and its data on pay structures be given a much higher profile and its recommendations be included in the UK Corporate Governance Code. The High Pay Commission should be funded to continue its work for another ten years.
3. Qualifications, professionalism and the public interest in the banking sector
We recommend that the boards of all banks be required to accept their public interest duty and state publicly that [1] that they …