News
Conflict of interest, 21 August, 2018
KPMG conflict of interest with Ted Baker results in £3m FRC fine
KPMG conflict of interest while undertaking Ted Baker audit sees it hit with a £3m fine, reduced to £2.1m after settling.
Board moves, 20 August, 2018
Board moves at YouGov, Direct Line, and Silence Therapeutics
YouGov appoints new non-exec Ashley Martin; Silence’s chair Dr Annalisa Jenkins departs after ten months in the role; and experienced board member Fiona McBain joins Direct Line.
CEO remuneration, 17 August, 2018
US chief executive pay surges 17.6%
Research finds that chief executive pay at the largest US companies rose significantly in 2017, taking the CEO-worker pay ratio to 312 to 1.
Auditors, 15 August, 2018
PwC heavily criticised for ‘failed’ audit of BHS
A report from the Financial Reporting Council delivers scathing criticism of PwC’s audit of collapsed retail chain BHS and the partner who headed the work.
Remuneration, 15 August, 2018
Chief executive pay up 11%, despite rising opposition
High Pay Centre and CIPD research reveals that chief executive pay continues to rise, in spite of opposition.
Executive remuneration, 14 August, 2018
Investors tougher on pay in latest voting season
Figures reveal that shareholders have hardened their response to remuneration reports, with more registering their opposition.
Financial Conduct Authority, 13 August, 2018
Enforcement activity of City watchdog FCA increases
The Financial Conduct Authority sees a rise in the number of cases brought to its attention by whistleblowers, and awaits its first case involving the new Senior Managers and Certification regime.
Investors, 10 August, 2018
ICGN reveals stewardship awards nominees
The International Corporate Governance Network has unveiled its list of star players in global stewardship.
Sustainable finance, 8 August, 2018
European Commission edges closer to ‘sustainability’ investment rules
The commission has called for technical advice on measures to apply sustainability risk assessments to investment decisions.
FRC review, 7 August, 2018
IoD calls for independent commission to take governance from FRC
The Institute of Directors has called for the supervision of UK governance to be removed from the Financial Reporting Council and placed with a new independent commission.