UK: LACK OF CULTURAL AWARENESS AMONG FIRMS

Article Abstract:

A lack of awareness regarding customers from ethnic minorities coupled with rising staff turnover is costing firms in the UK as much as GB[pound] 40bn per year, according to a study published by the government on 7 March 2000. The problem stems from poor workplace practices concerning race, which is impairing the ability of firms to comprehend the ethnic minority market. A very small number of firms possessed sound race quality practice, the study found. The figure quoted in the National Institute of Economic & Social Research study is the estimated sum which the UK's ethnic minorities will spend. It is also envisaged that the ethnic minority labour force in the UK will rise over the coming ten years by 330,000 staff, or 20, more than the 1% rise projected in the white workforce.

Management dynamics, Minorities

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WORLD: BUSINESSES AWARE OF CAPITALISM BACKLASH

Article Abstract:

Leading corporate decision-makers are now publicly admitting to the existence of mounting opposition to capitalism around the world and this has resulted in a practice known as Socially Responsible Investment (SRI) emerging. Research covering the leading 500 occupational pension funds in the UK revealed that 59% possessed an SRI policy of some kind and the trend, which has its origins in Corporate Social Responsibility (CSR), is expected to expand into Europe. SRI is regarded as an inexpensive way of obviating the impact on shareholder value and financial risk of lax CSR performance and corporate governance and the initial indications are that it will prove successful.

Strategy & planning, World, Planning, Investments, Abstract, Beliefs, opinions and attitudes, Public opinion, Investors, Capitalism

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UK: REVIEW OF CHIEF EXECUTIVE PAY

Article Abstract:

A survey conducted by New Bridge Street Consultants has revealed that chief executives of the FTSE 100 companies received pay increases of 9.7% compared to a 10% median increase for chief executives of mid-cap companies in the FTSE 250. The increases resulted in average salaries for executives of the FTSE 100 stand at GB[pound] 477,000 compared to GB[pound] 314,000 for executives in the FTSE 250. Total compensation packages, including bonuses, increased 15.8% to GB[pound] 445,000 for executives of FTSE 250 companies. Executives of FTSE 100 companies witnessed an increase of 13% to GB[pound] 641,000 on average.

Personal income information, Reports, Compensation and benefits, Chief executive officers, New Bridge Street Consultants

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