News
Uber governance, 4 October, 2017
Uber board agrees governance reforms and Japanese investment
The board of taxi firm Uber votes unanimously for governance reforms, increasing the number of independent directors and paving the way for new Japanese investment.
Corporate crime, 3 October, 2017
Corporate tax evasion crimes added to Criminal Finances Act
Failure to prevent the facilitation of UK and foreign tax evasion have been implemented as new corporate offences under the Criminal Finances Act.
Executive pay, 3 October, 2017
Governance reform proposals ‘took the easy line’, says City grandee
Standard Life Aberdeen chairman Sir Gerry Grimstone takes aim at the government’s executive pay policy, calling for “radicalism” not “incrementalism”.
Integrated reporting, 2 October, 2017
Lady Lynn Forester de Rothschild heads IIRC convention line-up
Annual convention of the International Integrated Reporting Council includes coverage of breakthroughs from around the world on integrated reporting and its impact on markets.
Reputational risk, 2 October, 2017
Managing reputation risk in the boardroom
A lot is spoken about organisational risk, but non-executives should remember their reputations are on the line too. Nick Hood describes the steps need to protect a personal reputation.
Corporate governance, 29 September, 2017
PM criticises Uber decision while lauding UK’s governance record
UK prime minister Theresa May has criticised the decision to remove Uber’s licence to trade in London for corporate responsibility reasons, while on the same day calling for the highest standards of governance.
Telit Communications, 28 September, 2017
Telit’s governance tidy-up includes financial review and cost-cutting
Following the departure of CEO Oozi Cats, Telit seeks a new chairman and non-executives; an external review of finances; and cost-cutting, as covenant test looms.
Annual reports, 28 September, 2017
Annual reports swell in size and content improves, but work to be done
Despite FTSE350 annual reports swelling by 25%, their content is better aligned to stakeholder requirements, and is more “joined up”, though disclosures need to focus on “actions and outcomes, rather than just processes”.
Diversity, 28 September, 2017
European banking authorities urge greater diversity among managers
European financial institutions should improve the diversity of their management bodies to overcome the risk of ‘group think’ and ensure sound governance, say European banking authorities in new guidelines published this week.
External directorships, 27 September, 2017
External CEO directorships affect shareholder returns, says research
Research finds that while chief executives in the US with external directorships earn more, returns for shareholders fare less well.