Regulation
NEWS: Governance, 21 November, 2023
Governance experts call for change in corporate law
Board duties should go ‘beyond their traditional role of representing shareholders’ interests’, writes a group of 15 academics.
NEWS: Acquisition law, 15 November, 2023
UK government to review corporate takeover security law
The deputy prime minister seeks ‘flexible’ and ‘frictionless’ deals in cases where there are no security concerns.
NEWS: Legal and regulatory, 8 November, 2023
Boards will need to make internal controls statement
Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.
COMMENT: Audit reform, 7 November, 2023
Audit reform is essential to restore faith in the UK
When it comes to understanding what attracts investors to a capital market, the London Stock Exchange has got it wrong.
NEWS: Audit reform, 6 November, 2023
Big Four firm in late plea for audit reform
Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.
NEWS: Governance, 24 October, 2023
Reversal on audit reform makes ‘little sense’
Investors react to the government’s U-turn on proposed measures prompted by the collapse of Carillion in 2018.
NEWS: Audit reform, 18 October, 2023
UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.
NEWS: Audit reform, 16 October, 2023
Audit reform changes will increase ‘pressure’ on boards
Implementing managed shared audit would put a burden on audit committees, a recent panel discussion concluded.
ESG compliance, 13 October, 2023
Banks must pay ‘close attention’ to ESG
Regulators have expressed concern about sustainability linked loans and ‘greenwashing’, a recent panel discussion revealed.
NEWS: Audit fines, 13 October, 2023
Record fine for KPMG over Carillion audit
In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.