Pirc's managing director, Alan MacDougall, pointed to the role of its auditors.

BBC: HBOS bosses remain under fire as Sir James resigns posts

Shareholder action group Pirc has written to the Financial Times, asking that John Griffith-Jones step down from the FCA while KPMG's role is probed.

BBC: HBOS bosses remain under fire as Sir James resigns posts

Alan MacDougall, managing director of PIRC (Pensions Investment Research Consultants), would like to see the advisory vote become binding, directly forcing companies to revise their policy.

ECONOMIST: Big shareholders must get stuck in to make capitalism work