Governance
Governance code revision, 7 March, 2018
Investors: revised code ‘too narrowly’ focused on workforce engagement
The Investment Association has told the UK’s governance watchdog that its revisions of the country’s corporate governance code is too focused on the workforce and that board engagement should focus on “material stakeholders”.
Governance code review, 2 March, 2018
Norway’s sovereign fund rejects broader role for remuneration committees
Norges Bank Investment Management says a division of responsibilities means remuneration committees should not be overseeing company-wide pay.
Carillion collapse, 1 March, 2018
Carillion chairman ‘lacked even a tenuous grasp’ on its position
A failure to gain sponsor support for fundraising just days before last summer’s huge profit warning at Carillion didn’t deter its chairman supporting an “upbeat assessment” of the business.
Executive remuneration, 27 February, 2018
IoD seeks greater role for remcos over share buybacks
Remuneration committees should have responsibility for reporting on what happens to executive pay following a share buyback, according to the Institute of Directors (IoD).
Tax, 27 February, 2018
Dutch plan to counter ‘tax haven’ reputation
The Dutch ministry of finance unveils plans to challenge the country’s status as a tax haven by targeting loopholes for royalty payments.
Corporate governance reform, 23 February, 2018
Which direction for corporate governance?
What began as a response to corporate scandal, corporate governance is making great strides in driving leadership accountability in Europe—but it’s still a work in progress, with views and policies differing considerably.
RBS' Global Restructuring Group, 21 February, 2018
‘Fundamental governance failings’ in RBS unit saw SMEs ‘poorly treated’
Long-awaited 2016 report into the actions of RBS’s distressed business unit finds that governance failings and a lack of oversight contributed to the inappropriate treatment of struggling SMEs.
Governance code revision, 21 February, 2018
Could a revised governance code offer broader scope?
A revision of the UK’s Corporate Governance Code is out for consultation. Will it bring a halt to corporate scandal, and does it promise a bigger, broader objective?
Gambling governance, 20 February, 2018
William Hill pays £6.2m settlement for ‘systemic senior management failure’
Failure to manage criminal customer deposits sees Gambling Commission hit William Hill with multimillion-pound payout.
Stakeholder engagement, 12 February, 2018
A very strategic engagement: stakeholders and long-term value
Attending to the needs of all stakeholders will make an enterprise more successful in the long term, but it’s up to boards to engage with them in a fair and open way.