Regulation
NEWS: Legal and regulatory, 30 July, 2022
FCA publishes its decision notices on Carillion case
The Financial Conduct Authority censured Carillion plc (in liquidation) and imposed fines on three Carillion executive directors.
NEWS: Regulation, 25 July, 2022
Regulator fines KPMG £14.4m
The Financial Reporting Council’s investigation into the Big Four firm’s auditing of Carillion and Regenersis revealed serious misconduct.
NEWS: Climate risk reporting, 25 July, 2022
Norges Bank backs mandatory US climate risk reporting
Heavyweight investor’s support boosts Securities and Exchange Commission’s controversial proposed US rules on board ESG disclosures.
NEWS: Ethics, 19 July, 2022
FRC launches probe into professional exams
Cheating overseas sparks investigation by the Financial Reporting Council into conduct of UK accountancy and audit exams.
NEWS: Climate risk reporting, 14 July, 2022
Business Roundtable takes aim at SEC climate risk reporting
Among its complaints, the Business Roundtable argues that no ‘safe harbor’ in the rules will increase the risk of corporate liability.
NEWS: Governance, 12 July, 2022
Governance code reforms will ramp up internal controls
Watchdog ‘lays groundwork for the creation of ARGA’ with planned consultation on audit committee ‘minimum standards’.
NEWS: ESG ratings, 11 July, 2022
Regulator to review impact of ESG ratings on firms
The FRC has commissioned a review to investigate how ESG ratings agencies and proxy advisers affect investment decisions.
NEWS: ESG reporting, 6 July, 2022
Supreme Court ruling ‘may derail SEC’s climate reporting rules’
The decision to limit the US Environmental Protection Agency’s powers leaves the reporting rules open to challenge, fear observers.
COMMENT: Governance, 1 July, 2022
The 30-year itch: time to ditch the UK Corporate Governance Code
Now that governance has come of age, businesses should be able to innovate within the boundaries of good regulation.
NEWS: Diversity, 9 June, 2022
EU proposes 40% quota for female non-executives
Agreement sees the threshold reduced to 33% if boards agree rules to include executive roles in their gender quota calculations.