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Tag: clampdown

Carillion demise spurs share sale clampdown

Carillion demise spurs share sale clampdown

Business
The bosses of Britain's biggest public companies‎ could be forced to hold onto shares for years after they retire under new corporate governance rules to be unveiled next week. Sky News has learnt that executives will face a ban on the sale of shares awarded under long-term incentive plans for up to five years as part of a clampdown aimed at rebuilding public trust in business.Sources said that the Financial Reporting Council's (FRC) revamped Corporate Governance Code would impose a new provision for remuneration committees to consider whether executives should be required to continue to hold shares for a period after their employment ends.That would represent a departure from current policy, and will be seen as a response to public and political anger over the conduct ...