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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.
Vodafone’s Vantage Towers business set the price for its initial public offering at €24 a share for a transaction that will value the mobile phone tower operator at €12. 1bn.
