Ken Olisa, deputy chairman at Institute of Directors, talks to Ian King about corporate governance and being a businessman who is black.
Mr Olisa admitted that Barclays’ ranking next year could be affected by the way the company handles the scandal. “Next year, it will be (a question of) how the board and the audit/risk committee deal with these things,” he said. “If the chief executive is sanctioned by somebody but stays in post and has his pay quadrupled, that wouldn’t be a good thing from a GGI perspective,” he added. The IoD deputy said it was important to remember that the ranking is about how companies react to mistakes, not about whether they are made in the first place.