Regulation
NEWS: Regulation, 18 March, 2021
Audit white paper proposes new powers for regulator to sanction directors
Observers warn that proposals to increase the accountability of directors for audit and internal controls could deter candidates.
NEWS: Regulation, 4 March, 2021
Dual-class shares come a step closer in the UK as Lord Hill issues review
The report recommends pushing ahead with dual-class shares on the London Stock Exchange, with a consultation on the proposals to follow.
NEWS: Regulation, 2 March, 2021
FRC: many firms ‘not transparent about their compliance with UK code’
Issues identified include difficulties in describing how stakeholder interests are considered and failure to limit the tenure of board chairs.
NEWS: Governance, 9 February, 2021
Norges Bank rejects idea of standards for board sustainability skills
“Prescriptive requirements for directors’ ESG expertise will be difficult to implement and may impede board formation,” warns the investor.
NEWS: Regulation, 5 February, 2021
Reforms impose new responsibilities on directors for financial reporting
Government recommendations on audit reform, set to be published next week, will hold directors responsible for failures in financial reporting.
INSIGHT: Outlook, 11 January, 2021
Beyond Covid: risk and resilience among governance trends for 2021
Digitalisation, diversity, risk and resilience are just some of the governance issues set to dominate the corporate landscape in 2021.
NEWS: Research, 4 December, 2020
Evidence builds for introduction of new audit committee standards
Financial Reporting Council says new report “lends weight to proposals for reforms in the audit sector”, including new standards for committees.
NEWS: Regulation, 23 November, 2020
UK to review dual-class shares as part of consultation on listings
Chancellor Rishi Sunak has included dual-class shares in a review of UK listings, with the ICGN warning that they risk lowering governance standards.
NEWS: Disclosures, 19 November, 2020
Roadmap to mandatory TCFD reporting ‘should focus minds’
Some premium listed companies will see compulsory climate reporting as soon as next year. And experts warn that much work remains to be done.
NEWS: M&As, 12 November, 2020
UK seeks powers to block foreign investment on national security grounds
The proposed Bill will present a potential hurdle for boards looking at investment or acquisition from an overseas suitor.