News
Corporate responsibilty, 27 March, 2018
Facebook under scrutiny by ESG funds as shares plummet
Reports suggest the data protection controversy that wiped billions from the market value of Facebook is now considered an ESG issue for fund managers.
Diversity, 26 March, 2018
Companies warned of court action over gender pay gap reporting
Equality and Human Rights Commission warns of legal process and “unlimited fines” if companies fail to publish their gender pay gap reports.
Corporate tax, 23 March, 2018
European Commission introduces tough tax laws for digital business
The European Commission has proposed rules to ensure that companies conducting business digitally in the European Union, such as Amazon, Google and Facebook, are paying their fair share of tax.
Telecom Italia investor battle, 23 March, 2018
Telecom Italia executives quit, as investor Elliott calls move ‘stalling’
A number of Vivendi-linked executives quit Telecom Italia, as rival investor Elliott Advisors describes the move as a “cynical” attempt to delay its own attempts to shake up the board.
Diversity, 23 March, 2018
‘Monocultures’ in financial firms lead to governance issues, says regulator
A senior figure from the Financial Conduct Authority argues that financial services firms with more women may suffer less from governance problems.
FRC inquiry, 22 March, 2018
Financial Reporting Council to face ‘competency inquiry’ by government
The Financial Reporting Council faces a government-backed independent inquiry into its operations, as revealed during the Carillion investigation.
Euronext and Latham & Watkins, 21 March, 2018
Board moves at Euronext and Latham & Watkins
Rijnhard van Tets is to be replaced by Dick Sluimers as supervisory board chairman at Euronext; and Bill Voge quits world’s biggest law firm after “an exchange of sexual communications”.
Investment, 21 March, 2018
Asset owners should ‘enforce’ ongoing investor engagement
Stewardship requires more active investor engagement enforced by asset owners to achieve best long-term returns, argues respected academic Professor Alex Edmans.
Tougher insolvency rules, 20 March, 2018
UK directors and shareholders face tougher post-insolvency regulation
The UK’s business department wants stronger investigative powers and punishments against directors post-insolvency, while setting a path for more active and responsible shareholder stewardship.
Reporting, 20 March, 2018
Former FDs at Carillion face probe over financial statements
Former group finance directors at Carillion are under investigation for financial statements between 2014-2017.