FTSE chairmen reject tighter takeover rules

Posted by Unknown on Sunday, August 10, 2014


Asked whether liberalism should be restricted in order to protect national assets, responses, all of which are anonymous, included: “Being ‘open for business’ enables the UK to grab a disproportionately high share of overseas inward investment.”


One chairman went a step further, saying: “Our liberalism is a national asset.”


Approximately a third of all those polled responded to the survey, in which 22pc said the UK’s liberalism should be restricted.


Dominic Schofield, senior client partner with Korn Ferry’s Board Practice, added: “Support for Britain’s open capital markets regime remains robust.”


In a related question, 70pc of those who responded said that the failure of Pfizer’s approach was not a reflection of increasing UK political interference in business. “A clumsy bid caused this failure,” was one response.


The Pulse survey, which is carried out each quarter, also asked questions about the UK’s place in Europe, with 81pc backing the need for Britain to renegotiate its relationship with Brussels.





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