A&L chairman and governance expert Higgs dies
Enlarge image LONDON (Reuters) - Mortgage bank Alliance & Leicester
Higgs, 64, was the architect of Britain’s corporate governance code, and became Alliance & Leicester (A&L) chairman in October 2005.
His deputy, Roy Brown, will act as chairman until a permanent successor is found, A&L said on Tuesday. It also said that Chief Executive David Bennett would return to work on May 6 after recovering from illness.
A chartered accountant who spent 24 years at investment bank Warburg, Higgs was appointed in 2002 to undertake a review of UK corporate governance in the wake of business scandals such as those surrounding energy company Enron in the United States.
This resulted in a revised Combined Code on Corporate Governance in July 2003, which included recommendations that the role of the chairman and chief executive should be separate and that chief executives should not go on to become chairmen.
(Reporting by Dan Lalor and Mark Potter; Editing by Quentin Bryar and Erica Billingham)
Advertisement starts
Advertisement ends
LONDON (Reuters) - Mortgage bank Alliance & Leicester
Higgs, 64, was the architect of Britain’s corporate governance code, and became Alliance & Leicester (A&L) chairman in October 2005.
His deputy, Roy Brown, will act as chairman until a permanent successor is found, A&L said on Tuesday. It also said that Chief Executive David Bennett would return to work on May 6 after recovering from illness.
A chartered accountant who spent 24 years at investment bank Warburg, Higgs was appointed in 2002 to undertake a review of UK corporate governance in the wake of business scandals such as those surrounding energy company Enron in the United States.
This resulted in a revised Combined Code on Corporate Governance in July 2003, which included recommendations that the role of the chairman and chief executive should be separate and that chief executives should not go on to become chairmen.
(Reporting by Dan Lalor and Mark Potter; Editing by Quentin Bryar and Erica Billingham)
© 2008 Reuters Click for restrictions
Related Links
Advertisement starts
Advertisement ends
Advertisement starts
Advertisement ends
U.S. Elections
Find out all about American's next President and how the states voted.
Weekly quiz
Have you been paying attention? Take our weekly, fun news quiz to test your knowledge of current affairs.
Weather forecasts
Get the 7-day forecast for your region.
WAGS
It's not just footballers who get shown the red card. Take a look at some of the WAGS back on the market.
Odd pics
Look back at the week in picture in our special gallery of the weird and wonderful.
Experian Credit Report
Check who's been checking on you with your FREE Experian credit report.Latest Headlines
- Bank looks at injecting cash
- Woolworths cuts jobs as GameStop said eyeing stores
- Brown urges banks to pass on rate cut
- U.S. job losses worst since 1974 as recession bites
- FTSE down as oils weigh
- Oil falls towards after weak U.S. jobs data
- Unions snub Ryanair's fresh bid for Aer Lingus
- Ofcom proposes BT wholesale price rises
- Resolution says IPO raised £600 million
- Hot small caps - Touchstone falls after results
Page Footer
Access keys
You will need to use different key combinations in order to use access keys depending on your internet browser, find out which on our accessibility page.
- (0) Navigate to Accessibility page.
- (1) Navigate to Home page.
- (2) Navigate to My email.
- (3) Navigate to My Account.
- (4) Navigate to Site Map page.
- (5) Navigate to Contact us page.
- (6) Navigate to Members channel.
- (7) Navigate to Services channel.
- (8) Navigate to News & Info channel.
- (9) Navigate to Entertainment channel.
- ([) Skip down to the Primary navigation block.
- (]) Skip down to the more links within this section block.
- (=) Bypass all navigation and jump to the content.
- (x) Text only version of this page.
