Comment: The EU’s revised Shareholder Rights Directive comes into force this week. But while some investment managers are embracing the opportunity to engage boards on ESG issues, others appear to be hoping they will go away.
A number of recent reviews have concluded that greater scrutiny of the audit process is necessary, after a series of high-profile corporate failures. But what shape will any legislation take? And how will changes to the role of the audit committee affect the board as a whole?
Legal and regulatory news from around globe, including the new UK stewardship code, clarification of Singapore M&A rules, new EU regulations for the gig economy and Facebook's appeal against German data ruling.
Small and mid-cap companies need a better regulatory framework, which recognises that their needs differ distinctly from SMEs, and which will enable them to compete and thrive on a fairer playing field.
Recent corporate collapses such as BHS and Carillion have put "going concern" statements in the spotlight. New guidance will make non-executive directors—especially those on the audit committee—part of the assessment.
An increased focus on risk and compliance for financial services firms has led to a rise in committees, reporting and key performance indicators. But boards must ensure that short-term targets do not hamper long-term strategic vision.