Governance
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NEWS: Remuneration, 25 November, 2020
Decrease in CEO pay variation blamed on ‘reciprocal benchmarking’
Chief executive pay deals in the US have begun to cluster around the same levels regardless of the size or profitability of the firms involved.
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NEWS: Regulation, 23 November, 2020
UK to review dual-class shares as part of consultation on listings
Chancellor Rishi Sunak has included dual-class shares in a review of UK listings, with the ICGN warning that they risk lowering governance standards.
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INSIGHT: Board composition, 23 November, 2020
New ISS benchmarks increase the pressure for diverse boards
The US ratings agency recommends voting against directors of firms without racially or ethnically diverse board members from 2022. But details are lacking.
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NEWS: Disclosures, 19 November, 2020
Roadmap to mandatory TCFD reporting ‘should focus minds’
Some premium listed companies will see compulsory climate reporting as soon as next year. And experts warn that much work remains to be done.
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COMMENT: Climate targets, 17 November, 2020
From A to Zero: how to build a credible corporate net zero strategy
The target of net zero carbon emissions poses many challenges, particularly for companies with complex supply chains. But it also creates opportunities.
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NEWS: Research, 16 November, 2020
Audit fees increase when foreign investors become majority owners
European study finds that audit fees are 10.5% higher where the largest owner is foreign rather than domestic.
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NEWS: Corporate reporting, 12 November, 2020
FRC says climate disclosures are ‘failing to meet investor expectations’
Review by the UK regulator finds there is "little evidence" that business models and strategy are being influenced by climate considerations.
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COMMENT: Corporate disclosures, 10 November, 2020
How 2020 has sparked acceleration to a comprehensive reporting system
This crisis year has underlined the importance of integrated reporting to achieving global financial stability and sustainable development.
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NEWS: US election, 9 November, 2020
Biden presidency set to bring corporate governance shift
The election of Joe Biden and Kamala Harris puts the spotlight on US corporate governance and the way businesses are run.
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NEWS: Strategy, 5 November, 2020
Dividend payouts set to resume after pandemic-related cuts
Analysts predict UK firms are likely to pay out £32.7bn in dividends between now and June 2021—although many boards are debating the ethics.
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NEWS: Corporate governance, 3 November, 2020
Brussels pushes ahead with project for new European governance
Consultation adds new obligations on human rights and stakeholder interests to a raft of measures encouraging long-term value creation.
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NEWS: Disclosures, 30 October, 2020
BlackRock backs global sustainability reporting standards
The fund manager says investors and corporates need common and comparable data, amid IFRS consultation on global sustainability reporting.
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NEWS: Legislation, 28 October, 2020
Governance experts call for US Stakeholder Capitalism Act
The proposed Act would give directors and investors revised fiduciary duties "that extend beyond responsibility for financial return".
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INSIGHT: Corporate governance, 26 October, 2020
The ICGN Global Stewardship Principles: 2020 revisions
The updated ICGN GSP reflect shifts in market practice and regulation, as well as evolving attitudes towards stewardship.
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NEWS: Strategy, 23 October, 2020
Business leaders want incentives to spur switch to ‘purposeful’ companies
British Academy study reveals 63% of firms are taking steps to become more purposeful, while 55% think there should be government incentives.
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INSIGHT: Strategy, 22 October, 2020
How hedge fund activists influence target firms
Understanding settlement agreements is important to see the complete picture of the corporate governance landscape.
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NEWS: Financial disclosures, 22 October, 2020
FRC issues further warning over Covid and corporate reporting
The watchdog is maintaining pressure on companies to be transparent in reporting the impact of the pandemic on their prospects.
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NEWS: Technology, 13 October, 2020
Changes to company constitutions ‘could allow use of AI on the board’
While a number of directors' tasks could be “augmented”—or entirely substituted—by the use of AI, questions remain over liability.
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NEWS: Board composition, 6 October, 2020
LGIM says it’s ‘time for action’ to boost ethnic diversity on boards
Fund manager warns FTSE 100 nomco chairs that it will vote against reappointments “if they fail to meet expectations on ethnic diversity”.
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NEWS: Board members, 5 October, 2020
Nominations open for the Non-Executive Director Awards 2021
The NED Awards 2021 will recognise how non-executive directors are helping to guide firms through political and economic uncertainty.