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Bonuses Are Targeted in U.K. Crackdown on Audit Scandals
LAGOS (Capital Markets in Africa) — Top executives at companies hit by accounting scandals could lose their bonuses under U.K. proposals for beefed-up regulation after a wave of corporate collapses including Carillion Plc and travel firm Thomas Cook Group Plc. The government proposed creating a new regulator with the power to wield a range of sanctions, including reprimands, fines, and even temporary bans from directorships, signaling it’s serious about cracking down on questionable accounting practices….
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