ICMA Centre India Scholarships for 2013

Infrastructure is the new buzzword in finance these days even though infrastructure has been important at least since the days when the Romans built their roads across Britain and Europe. The difference today is that increasingly the government says it cannot finance such infrastructure - roads, railways, power generation, telecoms, airports etc. The telecoms industry is already completely privately owned in most countries as are an increasing number of airports across the world. But governments everywhere are now looking ever more to public private partnerships (PPPs) to provide the annual funding (the annual revenues required to service bank loan and bond interest payments and capital repayments and equity dividends) as well as the actual financing (the arranging of bank loans, bond issues and equity share issues) to provide the cash up-front.

Dr Andreas Hoepner, shares his thoughts on the long-awaited and much disputed decision regarding the Heathrow airport expansion.

The Business Secretary, Greg Clarke has announced a series of corporate governance reforms, including a requirement for companies to publish the pay ratio which measures the pay of the CEO relative to the salary of their average UK employee. The aim of the reforms is to make companies more accountable to their employees and shareholders.