Business Briefs

12 July 2016 - 10:21 By Bloomberg, Reuters

Britain's Theresa May has pledged to crack down on corporate irresponsibility when she succeeds David Cameron as prime minister.Workers to serve on boards, says MayBritain's Theresa May has pledged to crack down on corporate irresponsibility when she succeeds David Cameron as prime minister.Shareholder votes on executive pay will become binding and companies will be required to have shareholders and workers represented on their boards to make big businesses more accountable, May said in a speech in Birmingham yesterday."We're the party of enterprise, but that does not mean we should be prepared to accept that anything goes," said May.She signalled a drive for social justice, providing "a vision of a country that works for everyone - not just the privileged few"."Under my leadership, the Conservative Party will put itself completely, absolutely, unequivocally, at the service of working people," said May. - BloombergNintendo shares fly on new Pokémon GoShares in Japan's Nintendo soared again yesterday, bringing market-value gains to $7.5-billion in just two days as investors cheered the runaway success of Pokémon Go - its first long-awaited venture into mobile gaming.The game, which marries a classic 20-year-old franchise with augmented reality, allows players to walk around real-life neighbourhoods while seeking virtual Pokémon game characters on their smartphones.As the game took the US by storm, Nintendo's shares surged by a quarter in value. They have gained 36% since Thursday with the initial momentum coming from the game shooting to the top of free app rankings in Apple's US iTunes store. - Reuters..

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