Tag: finance
S&P bars companies from indices over voting rights concern
The US index will exclude new IPOs from their indices, where companies fail to offer investors voting rights. The move follows FTSE Russell’s decision to limit access after the controversial Snap IPO.
Watchdog launches probe of Mitie audits by Deloitte
The Financial Reporting Council will investigate the audits of outsourcing company Mitie for 2015 and 2016, conducted by Deloitte, after posting a full-year loss and suffering costs of £88m.
Audit improves but professional scepticism remains a concern
The Financial Reporting Council concludes that audit is improving but is concerned about consistency and reveals the issue still causing greatest concern is professional scepticism.
Global M&A deals holding firm, EY figures show
While values may be down slightly, the volume of global M&A deals is modestly up for the first half of 2017.
China reveals state-owned enterprise reform plan
State-owned enterprises in China are to become either limited liability companies or joint stock companies.
Advisors recommend vote against The Sims chairman
Advisory body PIRC recommends that shareholders vote against the reappointment of Electronic Arts chairman Lawrence Probst.
Poll shows Japanese boards hesitate to increase shareholder returns
A Reuters Corporate Survey reveals that under a third of Japanese boards plan to boost shareholder returns this year, despite record-high cash balances and a major slowdown in share buybacks.
Investors need carbon exposure stress-test, says think-tank
Think-tank concludes that financial firms need to be examined for overexposure to carbon-related assets as part of governance reforms in sustainable finance.
Sustainable Finance report: implications for investors and directors
Reform of the financial system towards a sustainable economy has been detailed in an EU report, whose recommendations—which draw upon corporate governance reform—impact upon fiduciary duties in varying degrees.
A partner for society: Alice Steenland
Alice Steenland, AXA’s chief corporate responsibility officer, explains why responsible business matters and why the insurer aims to “empower people to live better lives”.