Regulation
NEWS: Research, 1 September, 2021
Audit committees ‘lose independence’ the longer they serve
Study finds committees in troubled firms have fewer female members, more outside directorships, greater shareholdings and longer tenures.
NEWS: HMRC, 23 August, 2021
MPs call for new parliamentary committee to scrutinise tax deals
All-Party Parliamentary Group argues for greater transparency around tax deals struck by HM Revenue & Customs (HMRC) and big corporates.
COMMENT: Regulation, 12 August, 2021
We need clearer, more consistent information on ESG
US financial watchdogs are consulting on the introduction of ESG reporting for US companies. Nell Minow makes the case for better data.
NEWS: White paper, 6 August, 2021
Audit reform 2021: implications for board oversight of risk management
As UK government proposals increase responsibilities for directors, our latest podcast discusses the impact on internal controls and dividends.
NEWS: Regulation, 12 July, 2021
Directors’ duties: more enforcement needed to drive action on climate
Directors have a “fiduciary duty” to consider climate change risks, say experts—but legal action is unlikely unless enforcement is beefed up.
NEWS: Regulation, 6 July, 2021
Audit reform consultation set to close as dissenting voices emerge
Lack of ownership reform and plans to extend the definition of “public interest entity” have drawn criticism from prominent figures.
NEWS: Regulation, 25 June, 2021
MEPs protest over EU sustainable corporate governance measures
Members of the European Parliament have written to commissioners amid fears that key measures in the legislation will be watered down.
NEWS: Regulation, 6 June, 2021
Finance chiefs fear audit reforms will cause increase in costs
Research suggests implementing the government’s proposed internal controls reforms alone could cost between £10m and £20m per company.
COMMENT: Investors, 2 June, 2021
Activists set their sights on underperforming AIM boards
A new paper suggests that AIM rules should be revised to encourage activism and better protect the interests of minority shareholders.
COMMENT: Strategy, 17 May, 2021
Organisational culture is the key to rebuilding trust in audit
Audit firms need to develop an organisational culture that empowers auditors to consistently and courageously do the right thing.