Governance
Auditors, 19 June, 2018
Watchdog spotlights KPMG for ‘deterioration’ in audit quality
The Financial Reporting Council has highlighted a worsening in audit quality at KPMG as reports that audit standards across the Big Four firms has fallen.
Regulation, 18 June, 2018
Executives warned of action using senior managers regime
Prudential Regulatory Authority warns it will act using the senior managers’ regime where executive behaviour is found to be wanting.
Company law, 18 June, 2018
Lawful impediment: company law and insider control
Does an increase in legal shareholder protection reduce insider control? Recent academic research finds that sometimes it does, but sometimes it does not.
Governance, 13 June, 2018
Corporate governance principles for private companies published
New corporate governance principles for private companies is revealed as new reporting requirements are laid before Parliament.
Quindell audit, 12 June, 2018
KPMG fined over audit work at Quindell
KPMG has been fined more than £3m and reprimanded for its audit work at insurance outsourcer Quindell.
Data security, 12 June, 2018
Facebook’s fail: the ‘story’, the risks and the role of the board
Cambridge Analytica harvested the data of 50 million Facebook users to help swing the US presidential election, but amid the trend for corporate governance ‘narratives’, did Facebook’s directors forget the chapter on ethics?
Japanese stewardship and governance, 11 June, 2018
Japan’s wave of governance reform is welcomed, and isn’t over yet
Abenomics—or “Japan’s Revitalisation Strategy”—is awakening the concept of investor stewardship and focusing the minds of Japan’s corporate elite on how to improve governance standards.
Markets, 8 June, 2018
UK listings rules for sovereign companies to change
UK regulator clears the way for sovereign companies to list on the London Stock Exchange.
AGMs, 6 June, 2018
Shareholder body advises against reappointment of Coca-Cola HBC chair
Shareholder advisory group PIRC says the drinks company’s current chairman can not be considered independent.
Financial services, 5 June, 2018
Commonwealth Bank faces record fine over money laundering failings
Australia’s largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.