Odey not ‘gating’ funds in wake of allegations against founder June 12, 2023 Scandal-hit Odey Asset Management has insisted its funds are not halting investor withdrawals in the wake of assault allegations against its founder, Crispin Odey. The company, which has around 4.4 billion US dollars (£3.5 billion) in assets under management, said all its funds are open “as per usual business” following a report that the boards [...]
Normal service resumed? CBI boss tells corporate Britain she’s turned the page on scandal October 2, 2023 Rain Newton-Smith is well respected in the City but scandals and questions over its long-term utility have left the CBI in a pinch
Labour MP Christian Matheson QUITS after panel upholds two sexual misconduct claims October 21, 2022 Former Labour MP Christian Matheson has quit after a Parliamentary watchdog upheld two claims of sexual misconduct. The Independent Expert Panel told Matheson to take leave from Westminster after complaints from a junior member of staff, breaching policies of Parliament’s Independent Complaints and Grievance Scheme. Labour branded it an “incredibly serious case” and that chief [...]
CBI admits group failed to root out ‘toxic’ workers amid sexual misconduct crisis April 24, 2023 The UK’s biggest business lobby group the Confederation of British Industry (CBI) has issued a last gasp plea to its members to give them “reason to consider trusting us again,” its president said in an open letter issued this evening. Brian McBride, president of the organisation, which was founded in the 1960s, admitted it had [...]
Tesco chairman accused of inappropriate behaviour, Guardian reports May 9, 2023 The Tesco chairman John Allan has been accused of alleged inappropriate behaviour relating to four women, according to reports in the Guardian. Allan, the newspaper claims, allegedly touched the bottom of a senior female Tesco staff member in June 2022, at the firm’s annual general meeting (AGM). He also allegedly touched the bottom of a [...]
Sex (ism) and the City: can new regulations root out the bad apples? October 10, 2023 As the FCA and PRA prepare to crack down on improper conduct in ‘the City’, what would Carrie Bradshaw make of the regulators’ latest attempt to promote healthy culture, and root out the bad guys? Jennie Clarke asks
Lawyers warn regulator will want to send a strong message over non-financial misconduct December 11, 2023 There has been an uptick in firms facing scrutiny over non-financial misconduct, say lawyers, and this won’t be slowing down anytime soon they have warned. James Alleyne, legal director at Kingsley Napley noted, “non-financial misconduct is clearly a priority for the FCA.” He added: “regulated firms are certainly more conscious than ever about staff behaviour [...]
Sleeping with your boss? WWE scandal a reminder firms shouldn’t tolerate it February 1, 2024 The lesson for businesses from the WWE scandal is that the temptation to overlook the misbehaviour of powerful executives is not only immoral but unwise, writes Will Cooling
Is the CBI is “finished”? City grandee and AJ Bell chair Baroness Morrissey says so April 25, 2023 The crisis-hit CBI is “finished” after the organisation admitted it failed to sack workers who sexually harassed female colleagues, City boss Baroness Helena Morrissey has said. Firms have deserted the Confederation of British Industry (CBI) in their droves after two rape allegations and a series of claims of a toxic work culture surfaced, reported by [...]
Financial watchdog could wind up policing our dinner party antics October 25, 2023 If the FCA makes it its business to decide whether an off-colour joke at a dinner party is sexist or not, it could wind up intruding on our personal lives, writes Christine Braamskamp