News
Pay ratio reporting, 29 August, 2017
Publishing pay ratios is ‘crude’, but are a ‘step in the right direction’
Business groups are largely in favour of the government’s planned law to publish pay ratios, but the TUC describes the ‘tick-box’ approach as ‘feeble’.
Expansion of governance regulation, 29 August, 2017
Governance reform expands reporting obligation of large UK firms
Large private businesses will be obliged to report on responsibility and their impact upon employees and the wider world, under the government’s follow-up on its green paper.
Board-level corruption, 25 August, 2017
Samsung heir jailed as South Korea clamps down on corruption
Samsung heir jailed for bribery and corruption charges, in what is viewed as a major move by South Korean authorities to clamp down on corporate misbehaviour.
Shareholder engagement, 22 August, 2017
Amended Shareholder Rights Directive implemented
An amendment to the EU Shareholder Rights Directive aims to encourage effective and sustainable shareholder engagement in listed companies in EU member states.
CEO criticism, 21 August, 2017
Infosys board cites ‘founder criticism’ as reason for CEO’s departure
Infosys’ board seeks to vigorously defend its now-departed CEO Dr Vishal Sikka, who it alleges has quit following criticism from co-founder Narayana Murthy.
Shareholder Spring, 18 August, 2017
‘Shareholder spring’ dents FTSE100 remuneration rise
A second “shareholder spring” in 2016 saw more modest remuneration among the FTSE100 in 2017, but FTSE250 investors took umbrage at director salaries this time around.
Boardroom diversity, 17 August, 2017
Ethnic minority pipeline to FTSE100 boards rises; existing number falls
The number of people from ethnic minorities in “pipeline” roles to the top FTSE100 jobs has increased to 5%, but the current number sitting on boards has fallen by 18%, a new report finds.
Audit failures, 17 August, 2017
PwC hit by another £5m fine after admitting failures in RSM Tenon audit
PwC hit by a £5.1m fine over its audit work at collapsed accountants RSM Tenon, just four months after a similar fine over Connaught.
Non-financial reporting guidance, 16 August, 2017
More detail of long-term value created by UK companies proposed by FRC
New guidance on the reporting of non-financial matters has been proposed by accounting’s watchdog in an exposure draft, taking into account the UK’s recent implementation of new EU rules.
Investment management merger, 15 August, 2017
Governance on the agenda for newly formed Standard Life Aberdeen
One of the world’s largest investment companies is formed following the merger of Standard Life and Aberdeen Asset Management. Co-chief executive Keith Skeoch says the new business will focus on improving boardroom standards.