Governance
Purpose, 17 January, 2018
Larry Fink: companies must make a ‘positive contribution’ to society
Larry Fink, chief executive of BlackRock, the world’s largest asset manager, says it will step up its engagement with boards in an effort to forge a “new model of shareholder engagement”.
Regulation, 17 January, 2018
Half of large corporates have unreported compliance breaches
A survey reveals that companies are struggling under the weight of compliance responsibilities, with more than half knowing about unreported rule breaches.
Governance, 16 January, 2018
Carillion directors face probe after company goes into liquidation
Official receiver to examine the conduct of Carillion directors past and present as it supervises the liquidation of the support services and construction company.
Executive pay, 20 December, 2017
Pearson tops list of shareholder revolts on remuneration
New public register names and shames companies over the largest shareholder revolts against executive pay.
Climate change reporting, 12 December, 2017
Exxon bows to shareholder demands and agrees climate change report
Energy giant ExxonMobil has given in to pressure from investors and campaigners, and says it will begin to report on the impact of climate change on its business.
Audit materiality reporting, 12 December, 2017
‘Communication gap’ found between audit committee chairs and auditors
Audit committee chairs must push for more audit materiality information; auditors must be more transparent; and investors must understand the process better, says the Financial Reporting Council.
Governance code, 11 December, 2017
One-fifth of FTSE 100 chairs could be affected by nine-year tenure rule
New provisions defining “independence” for non-executive directors in a revised corporate governance code could affect one-fifth of FTSE 100 chairs.
Governance code revision, 8 December, 2017
UK’s draft new governance code has a social mission
This week saw the release of a new draft code for UK corporate governance. While many were distracted by measures on executive pay, the code’s real mission is social “injustices”, as highlighted by Theresa May last year.
Climate change, 8 December, 2017
French investors tackle reporting on ESG with Article 173
Analysis reveals that two-thirds of the top 100 in France have reported under the new Article 173 requirements, while 31 lag behind.
Corporate governance Holland, 8 December, 2017
Dutch shareholders oppose inclusion of governance in accountants’ role
Shareholders say accountants are not qualified to examine the “broad terrain” of corporate governance compliance.