IRS issues Higgs Report warning

The Investor Relations Society this week warned that the implementation of Higgs Report recommendations could lead to some non-executive directors shirking responsibilities to shareholders.

On Monday Derek Higgs, who was appointed by the Government last year to improve boardroom practices, revealed his recommendations, which included plans to hand non-executive directors a more clearly defined role in the boardroom.

Higgs recommended that one non-executive director should be appointed as principal liaison with investors.

IRS director-general Andrew Hawkins said: 'This runs the risk that colleagues not appointed in that role will sit back and work less hard at the IR aspect of the job.'

But, Hawkins stressed that the IRS broadly welcomed the Higgs recommendations.

Leader, p8.

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