Governance
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NEWS: Executive pay, 19 December, 2023
UK chief executive pay gap widens
In the FTSE 350, the median chief executive’s pay was 57 times that of the median employee in 2022, up from 56:1 the previous year.
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INSIGHT: AGM trends, 18 December, 2023
What are your investors thinking?
The 2023 AGM season revealed that executive pay and long-term incentive awards are hot issues for European company shareholders.
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NEWS: Audit market, 14 December, 2023
Big Four continue to dominate audit market
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.
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NEWS: Sustainability reporting, 13 December, 2023
Railpen backs sustainability reporting standards
The UK pension fund notes in voting guidelines that the ISSB reporting standards IFRS S1 and S2 should be seen as a ‘minimum’.
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NEWS: Female CEOs, 12 December, 2023
Women blocked from FTSE 100 CEO career path
Nearly half of chief executives progress via the role of divisional head, but less than a fifth of divisional leads are female, study finds.
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NEWS: Climate change, 12 December, 2023
Boards tasked to ‘focus on decarbonising supply chain’
In advance of COP28, IIA report says comprehensive due diligence will help business avoid sabotaging net zero target.
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COMMENT: Autumn statement, 11 December, 2023
Jeremy Hunt’s autumn statement misses a trick
Where are the proposals to reinvigorate the London Stock Exchange and boost both public and private UK equity markets?
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NEWS: Governance, 7 December, 2023
‘Workers on boards’ idea is back on the table
European-style two-tier board system may help to end stagnation in the UK, reports the Resolution Foundation.
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NEWS: Artificial intelligence, 7 December, 2023
Avoiding AI catastrophe is ‘beyond corporate governance’
It is ‘inevitable’ that the risks from artificial intelligence require public governance, according to a corporate governance expert.
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NEWS: Governance, 30 November, 2023
Proxy adviser warns LSE over governance
Abolishing the public register of shareholder revolts ‘won’t stop capital providers exercising their democratic rights’, letter states.
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NEWS: Sustainability , 28 November, 2023
Sustainability governance is on the rise
But despite greater corporate attention being paid to ESG, directors’ engagement with it is losing momentum, global report finds.
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COMMENT: Governance, 27 November, 2023
Why UK corporate governance needs tightening up
The LSE’s response to the government’s panicky U-turn on governance regulation is not helpful to NEDs and other stakeholders.
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NEWS: Governance, 23 November, 2023
OpenAI reinstalls Sam Altman as chief executive
The CEO’s departure and return have raised questions about the state of governance at the trailblazing ChatGPT creator.
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NEWS: Corporate reporting, 22 November, 2023
Boards urged to retain ‘beneficial’ reporting elements
Although the government cancelled the requirement, resilience disclosures ‘cannot be wasted effort’, says senior auditco chair.
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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.
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NEWS: Severance pay, 15 November, 2023
‘Golden parachute’ concerns take flight in the US
The number of shareholder proposals calling for a vote on severance packages has skyrocketed, finds proxy adviser ISS.
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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.
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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.
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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.
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COMMENT: Audit reform, 6 November, 2023
An uncomfortable U-turn on audit reform
The government’s bonfire of the regulations expected for audit reform creates a source of uncertainty for business.