LSE gets tough on bad bosses

DIRECTORS must be prepared to confront bad behaviour at the London Stock Exchange, according to a report conducted after the ousting of its chief executive.

The probe by former KPMG chairman Simon Collins looked at the departure of boss Xavier Rolet, who was forced to quit following claims about his authoritarian and controlling behaviour.

Other suggestions in the report included better engagement with shareholders and a more balanced approach to bonus payments rather than focusing on financial performance. The LSE unveiled profits of £464m in the first quarter of 2018, up 13pc on a year earlier.