News
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.
Financial Reporting Council, 4 June, 2018
More powers for FRC receives scant support from company secretaries
A survey of company secretaries reveals that fewer than a third back the prospect of more powers for the UK’s audit and governance regulator.
Climate change reporting, 4 June, 2018
Corporate and pension schemes must report climate change risk
Large companies and pension schemes must report climate change risk under current law and regulation, or face new legislation, warns the Environmental Audit Committee.
Sustainability, 1 June, 2018
OECD publishes guidance on responsible business due diligence
New guidelines have been produced on measures to be taken to ensure contracts include conditions on responsible business.
Boardroom diversity, 31 May, 2018
FTSE 350 bosses give ‘pitiful’ excuses for failing to hit gender targets
One of the reasons given by FTSE 350 chairs and CEOs for failing to appoint women on to boards is “we have one woman already on the board, so we are done…”
RBS CFO, 30 May, 2018
Board moves at RBS; BP; and Safestyle
RBS CFO quits prior to its AGM; BP’s outgoing chairman to head up influential European business group; and Safestyle’s chairman quits after one month in the role.
Airlines, 29 May, 2018
Air France-KLM appoints interim governance structure
New governance arrangements at Air France-KLM include the appointment of Anne-Marie Couderc as chairman.
Insolvency, 25 May, 2018
Measures to protect stakeholders in insolvent firms proposed
Measures to reduce the risk of major company failure through poor governance or stewardship, and to strengthen the responsibilities of directors of firms in or approaching insolvency, have been proposed by the UK government.
Investors, 25 May, 2018
Activist attacks accounting and governance at Samsonite
Global luggage brand sees share price fall and stock trading suspended after claims by Texas-based activist investor that the company’s accounting needs independent examination.
Halfords chairman, 24 May, 2018
Board moves at Halfords; St. James’s Place; and C&C Group
New chairs lined up at major retailer Halfords, investment management firm St. James’s Place, and cider brands owner C&C Group.